Chicago native John Stossel, a familiar face on ABC for many years, begins a new era in his career Thursday with the launch of "Stossel," on the Fox Business Network cable channel. The weekly, one-hour show will focus on libertarian and economic issues and will include in each edition a panel of experts and economists on set to discuss issues facing American taxpayers, including global warming, health care, social security and free trade. The show will air live in front of a studio audience who will be encouraged to take part in the discussions.

Stossel joined Fox Business in October, after having co-hosted ABC's prime-time newsmagazine "20/20" since 2003. While at "20/20," Stossel contributed a number of special reports on various consumer topics, ranging from pop culture to government.