Federal Reserve

(Photo by Scott Olson/Getty Images)

Jamaican Man Sentenced In Florida For Lottery Scam

A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.

05/03/2014

(CBS4)

Fed Injects $40B A Month In Third Round Of Economic Aid

The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.

09/13/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

09/11/2012

Economy_unemployment_jobless

Unemployment Rate Drops, Job Creation Slows

The latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.

CBS4–04/06/2012

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