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Scripts: The housing market is already troubled and the next tsunami might be right around the corner. Resets on ARM, adjustable rate mortgages could set off a new wave of foreclosures. CNNs personal finance editor Gerri Willis joins us now to offer

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Hi I am CA, thisis CNN student News. Today we are going to talk about an Afri who wants to runa mile. But it will take him more than 200 thousand miles to get to thestarting line. That's the story, coming up. first up though, the US unemployment rate

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By Barry Wood Washington 03 December 2007 The Bush administration has outlined measures intended to avoid a massive and potentially politically damaging wave of home foreclosures. VOA's Barry Wood has more from Washington. Treasury Secretary Henry Pa

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This is the VOA Special English Economics Report. In the last few years, many Americans have bought houses with ARMs: adjustable-rate A foreclosed home in Pasadena, California. mortgages. These loans usually begin with lower interest rates for the f

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This is the VOA Special English Economics Report. A listener from Indonesia named Efendy asks why the Federal Reserve is so important and how it works. This week offered a good example. The Federal Reserve System is the United States central bank. I

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The Australian Securities and Investments Commission has started civil action in the Federal Court against ANZ for allegedly rigging the bank bill-swap reference rate. As it alleges, theres been market manipulation of the rate which affects commercia

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Australia's corporate regulator has accused WestPac of the multimillion dollar rigging of interest rate trading. Now, the Australian Securities and Investments Commission, known ASIC, has brought charges against WestPac for what it calls unconscionab

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