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Natural Gas Wreaks Havoc in Coal Country

Anyone old enough to remember the gas lines of the 1970s during the Arab oil embargo might be surprised by the Wall Street Journal report which says the U.S. has overtaken Russia as the number one producer of oil and natural gas.

But the increase in natural gas production has had a devastating impact in coal country.

Smith to 60 Minutes: Goldman Not Worth $1M

Greg Smith, a former Goldman Sachs vice president and author of the book, “Why I Left Goldman Sachs: A Wall Street Story,” speaks about the role of money in his decision to leave the company.

Ben Bernanke On 60 Minutes

Fed Chairman Ben Bernanke discusses pressing economic issues, including high unemployment, the deficit and the Fed's new, controversial, $600 billion quantitative easing plan. "60 Minutes" correspondent Scott Pelley reports.

60 Minutes Interview: AIG's Ed Liddy

60 Minutes correspondent Steve Kroft talks with Ed Liddy -- the man tapped to take over the reins of failed insurance giant AIG -- about the gargantuan task ahead. It's a thankless job that Liddy neither sought nor particularly wanted. He had retired from the chairmanship of Allstate when Treasury Secretary Hank Paulson asked him to take over. He agreed to do it for a salary of one dollar a year.

Liddy told Kroft: "I think we have almost a unique place, and not a very desirable place, in terms of the anger and frustration that Americans feel about bailouts. You know, individuals aren't being bailed out. Why should a company be bailed out? So I understand it. We're just trying to do the best we can to pay back the taxpayer."

In The News

Video Archives - December 2016