May 26, 2010  |   Deepwater Horizon Unified Command has released this animation of the top kill technique that BP will begin Wednesday. You can watch a live feed of the top kill technique here. BP released the following statement Wednesday about the top...

May 25, 2010  |   The Dow Jones fell below 10,000 in trading Tuesday afternoon, as jittery markets reacted to continued economic struggles in the Eurozone and escalating tensions between North and South Korea. Europe's debt crisis continues to worry investors, sending the euro toward...

May 24, 2010  |   South Korea's decision to cut nearly all trade and economic assistance to North Korea, close its waters to North Korean ships, and halt visits between the two countries dramatically escalated tensions on the Korean peninsula Monday, just as U.S....

May 19, 2010  |   After the dramatic "flash crash" of May 6, in which the Dow Jones industrial average fell nearly 1,000 points in the space of a few minutes, regulators have been scrambling to pinpoint the crash's cause and find a fix....

May 18, 2010  |   Senate Majority Leader Harry Reid, D-Nev., filed a procedural motion called cloture Monday evening to end debate on the financial reform bill that has been working its way through the Senate, setting up a vote on the legislation as early...

May 17, 2010  |   General Motors announced Monday that, thanks to an uptick in sales plus lower debt and expenses after bankruptcy, it made $865 million in profit in the first quarter of this year -- its first profit posting since the second...

May 13, 2010  |   Over the past two days, senators have begun considering a handful of the more than 200 amendments filed to the massive financial reform bill aimed at overhauling the U.S. financial system. Already, a few key amendments have passed. Regional Feds...

May 10, 2010  |   After 11 hours of negotiations that stretched into early Monday, EU finance ministers have agreed to an enormous 750 billion euro (about U.S. $960 billion) bailout plan aimed at preventing the Greek financial crisis from spreading further into the eurozone....

May 5, 2010  |   After weeks of negotiations, Sens. Chris Dodd (D-Conn.) and Richard Shelby (R-Ala.) reached a bipartisan agreement Tuesday that would put an end to taxpayer bailouts of large, systemically important financial firms. A proposed $50 billion fund that would have been...

April 22, 2010  |   <!-- _pap_embeddable('news01s3e9cqe7c',482,304,{pap_usecache: true}); //--><!]]> President Obama traveled to New York City Thursday to deliver a speech outlining his goals for financial reform. As legislation rewriting the rules of Wall Street works its way through the Senate, Mr. Obama had tough...

April 20, 2010  |   Treasury Secretary Tim Geithner and Fed Chair Ben Bernanke appear Tuesday morning before the House Financial Services Committee to answer questions about the policy implications of the recent Lehman Brothers autopsy report. The report concluded that "accounting gimmicks" and "balance...

April 16, 2010  |   Federal regulators charged Goldman Sachs with fraud Friday, accusing the Wall Street firm of failing to disclose conflicts of interest relating to mortgage investments it created and sold -- investments that were likely to fail. The Securities and Exchange Commission...

April 16, 2010  |   On Thursday's NewsHour, Paul Solman spoke to Dan Pink, author of a new book "Drive," about what motivates behavior and innovation in the modern workplace. PAUL SOLMAN: Executive pay and Wall Street bonuses,... might not enhance, but actually retard, high...

April 15, 2010  |   Procrastinators take heed: it's tax day in the U.S. Here's hoping that you don't have a line at the post office in your future. But if you DO still need help figuring out your stimulus tax credit, are confused about...

April 14, 2010  |   President Obama called Wednesday for more oversight of derivatives -- the financial products that helped sink insurance giant AIG -- when he met with Congressional leaders Wednesday at the White House to push for financial reform legislation. "[T]he problems...

April 13, 2010  |   The former CEO of Washington Mutual came under tough questioning in a Senate hearing Tuesday, as accusations of mortgage fraud and the selling off of questionable loans emerged from a report by a subcommittee investigating the causes of the...

April 12, 2010  |   The Pulitzer Prizes for Journalism were announced Monday afternoon, and the Washington Post led the pack of winners by taking home four awards -- for international reporting, feature writing, commentary, and criticism. In a first for an online news organization,...

April 12, 2010  |   After two earlier pledges of support, the European Union came to Greece's rescue Sunday with a concrete package of low-interest loans aimed at stemming Greece's debilitating debt crisis. What are the terms of the EU offer? Under the offer,...

March 24, 2010  |   The long-running debate over the value of China's currency is heating up in Washington. Last week, senators from both parties introduced a bill that would compel the Obama administration to confront China over the undervalued yuan, which many economists...

March 23, 2010  |   Kenneth Feinberg, the Obama administration's pay czar, announced Tuesday that he will cut 2010 salaries for top executives at five companies that received extraordinary bailout assistance from the government at the height of the financial crisis. The highest-paid employees at...

March 18, 2010  |   It's a beautiful, sunny day here in Washington. But there are more than a few people turned away from their office windows, preoccupied with a much smaller orange orb. In case you hadn't heard, it's March Madness time. And...

March 17, 2010  |   Fed Chairman Ben Bernanke will defend the central bank's ability to oversee small and large banks alike in an appearance before the House Financial Services Committee Wednesday, according to prepared testimony. Bernanke's position takes on financial reform legislation unveiled Monday...

March 16, 2010  |   Treasury Secretary Tim Geithner is on the Hill before a House committee Tuesday to testify about the budget and economy. Geithner will also be making the media rounds to plug Sen. Dodd's financial reform bill that was unveiled Monday. A...

March 15, 2010  |   Sen. Chris Dodd, D-Conn., unveiled a bill Monday to overhaul the U.S. financial system, proposing new powers for the Federal Reserve to oversee the nation's largest financial firms; a consumer protection agency housed within the Fed; and a new systemic...

March 12, 2010  |   A massive 2,200-page report detailing what brought about the collapse of Lehman Brothers in September 2008 was released late Thursday, concluding that "accounting gimmicks" and "balance sheet manipulation" by some executives helped turn the 158-year-old financial firm into the...

March 11, 2010  |   UPDATE 2:45PM: At a news conference Thursday afternoon, Sen. Chris Dodd denied that the political ramifications of reconciliation being used in the health care debate motivated him to push a financial reform bill forward without GOP support. "The moment...

March 10, 2010  |   Sen. Bob Corker, R-Tenn., is denying that payday lenders will receive an exemption in financial reform legislation being crafted in the Senate, refuting reports that he has been pressing the Senate Banking Committee to "scale back substantially" proposed oversight...

March 9, 2010  |   The Pentagon has thrown its hat into the ring over a new consumer protection agency. Politico reports Tuesday that military leaders want a consumer watchdog to oversee auto dealers and prevent them from making predatory sales to servicemembers. The New...

March 8, 2010  |   Greece is preparing for a fresh round of strikes and protests this week, after the government unveiled a $6.5 billion austerity program that includes a sales tax hike, cuts in benefits and salaries for the public sector, and a 5...

March 5, 2010  |   With the unemployment rate holding steady in Friday's jobs report, we turned to Joel Naroff, founder and president of the consulting firm Naroff Economic Advisors, for a deeper look at the numbers and the health of the overall economy. What's...

March 4, 2010  |   Citigroup's CEO Vikram Pandit appeared before the congressional TARP watchdog Thursday and said American taxpayers still hold 27 percent of Citi's common stock, and "we look forward to helping them realize value on that investment." The bank, which he called...

March 2, 2010  |   Ford Motor Company announced Tuesday a 43 percent increase in U.S. sales of light-vehicles for February versus a year ago, edging out rival GM, which posted a 12 percent gain for the month. It is the first time Ford has...

March 1, 2010  |   A federal bankruptcy judge in Manhattan has sided with a trustee appointed by the court that investors with Bernard Madoff who took out more money from Madoff's investment firm than they put in over the years are not eligible to...

March 1, 2010  |   Embattled insurance giant AIG will sell its Asian life-insurance unit, AIA, to British insurance firm Prudential in a deal estimated at $35.5 billion. The deal will make Prudential the biggest insurance provider in several Asian countries, including Singapore, Malaysia, Indonesia,...

February 26, 2010  |   On Friday evening, NewsHour economics correspondent Paul Solman will moderate a Miller Center Debate on higher education and the economy. The panelists will debate whether the the U.S. workforce needs a dramatic increase in the number of college graduates in...

February 24, 2010  |   Akio Toyoda, president of Toyota, appeared before a House committee Wednesday and faced withering questioning over the automaker's response to customer complaints over sudden acceleration in its vehicles. Toyoda apologized for the safety missteps and expressed the company's commitment to...

February 22, 2010  |   After Congress passed credit card legislation last May, new rules governing credit card companies take effect Monday. Some changes to the way companies can set interest rates and pay schedules already took effect last August. For an idea of what...

February 17, 2010  |   On the first anniversary of President Obama's signing of the $787 stimulus bill, Hari Sreenivasan spoke with Michael Grabell of ProPublica about how much has been spent, how much is left and how hard it is to count the number...

February 16, 2010  |   EU finance ministers have given Greece a one month deadline to demonstrate that it is making dramatic cuts to its budget, and just days to provide more information on the country's use of currency swaps to potentially hide growing debt,...

February 12, 2010  |   Just hours ahead of the opening ceremony for the Winter Olympics in Vancouver, a Georgian luger has died after flying off the track and crashing into a steel pole during a practice run. Nodar Kumaritashvili, 21, was traveling around 90...

February 11, 2010  |   EU leaders meeting for a summit in Brussels Thursday pledged to act to help Greece avoid default on its massive public debt, but they offered few specifics about what aid might be offered and in what form. With other countries...

February 11, 2010  |   The number of U.S. workers filing an initial claim for jobless benefits dropped last week. According to data released Thursday by the Department of Labor, initial claims for unemployment benefits fell by 43,000 to 440,000 for the week ending Feb....

February 10, 2010  |   Fed Chairman Ben Bernanke outlined plans Wednesday to dismantle some of the central bank's policies put in place during the height of the financial crisis. The Fed, in the future, could sell some of the assets on its balance sheet,...

February 8, 2010  |   As the mid-Atlantic region was hunkering down for a massive winter storm Friday afternoon, Goldman Sachs and JPMorgan Chase ended weeks of speculation on Wall Street and announced their CEOs' bonuses: $9 million in stock for Goldman Sachs CEO Lloyd...

February 5, 2010  |   A mixed message on the jobless front today: The overall unemployment rate fell from 10 percent to 9.7 percent. But the Labor Department also released revisions to some monthly data from last year showing the economy has shed far more...

February 4, 2010  |   New York's Attorney General Andrew Cuomo filed civil securities fraud charges Thursday against Bank of America*, its former CEO Ken Lewis, and former CFO Joe Price. The suit alleges that the bank and the two executives first misled shareholders...

February 2, 2010  |   White House adviser and former Fed chairman Paul Volcker will testify before the Senate Banking Committee Tuesday and press its members to restrict the activities of big banks and limit their overall size. In making the case for what's become...

February 1, 2010  |   In remarks this morning about his newly unveiled budget for fiscal 2011, President Barack Obama defended his administration's fiscal record as preventing further economic disaster but declared that "budget common sense" should now guide Washington's spending. "I'm willing to...

January 29, 2010  |   A day after extending its vehicle recall to China and Europe, Toyota* faced new scrutiny Friday on Capitol Hill over whether the company delayed too long in proceeding with its recalls, which according to the New York Times affect more...

January 29, 2010  |   A better-than-expected GDP report Friday indicated that the U.S. economy grew at 5.7 percent in the quarter October through December 2009, the largest increase since the third quarter of 2003. The report, which is a broad measure of economic...

January 28, 2010  |   The Senate voted 70-30 Thursday afternoon to approve Ben Bernanke for a second four-year term as chairman of the Federal Reserve. After several hours of debate in which Bernanke supporters argued that voting down his nomination would imperil a shaky...

January 27, 2010  |   On Capitol Hill to testify at a House committee hearing about his role in the bailout of AIG, Treasury Secretary Timothy Geithner defended government actions to rescue the insurance giant as "in the best interests of the American people," but...

January 25, 2010  |   Ed Whitacre, Jr., the interim CEO of General Motors since Dec. 1, has been named permanent CEO at a news conference in Detroit this morning. "The board of directors asked if I would be willing to stay on at GM...

January 22, 2010  |   At a townhall-style event outside Cleveland, Ohio, Friday, President Barack Obama admitted that his agenda, including the health care reform effort, had hit "a little bit of a buzz saw," but he vowed to keep pushing for a health care...

January 21, 2010  |   UPDATED 4:45 p.m. ET| Tonight on the NewsHour, Treasury Secretary Tim Geithner explains the thinking behind the president's proposal. He will be followed by Rep. Scott Garrett (R-NJ), a member of the House Financial Services Committee. In a fresh move...

January 20, 2010  |   <!-- _pap_embeddable('news01s3928qd89',482,304, {pap_usecache: true}); //--><!]]> With Wall Street banks poised to offer record paydays for employees, Wall Street Journal columnist Dennis Berman explains the latest bank earnings reports and Wall Street's reaction to the Obama administration's proposed tax on big...

January 19, 2010  |   After several months of often contentious talks, Cadbury has accepted Kraft's takeover offer, creating the world's biggest confectioner in a deal valued around $19.4 billion. Cadbury had strongly resisted any such deal for months; at one point in November, Kraft...

January 18, 2010  |   Charitable and relief organizations have been inundated with donations since last week's devastating earthquake struck Haiti, and a report by the Chronicle of Philanthropy on Saturday suggests that the money raised thus far vastly exceeds what was raised immediately after...

January 7, 2010  |   After a dismal holiday shopping season in 2008, U.S. retailers posted gains in December, with a wave of consumers going to the mall to redeem holiday gift cards responsible for lifting last month's retail sales 2.8 percent over December 2008,...

January 5, 2010  |   A day after the Dow soared more than 150 points -- raising hopes that an economic recovery is taking root, global markets have been mixed Tuesday, with modest ups and downs after a rash of conflicting economic reports. In particular,...

January 4, 2010  |   In a speech to the annual gathering of the American Economic Association in Atlanta on Sunday, Fed Chairman Ben Bernanke defended the central bank from critics who have said low interest rates earlier this decade helped fuel the housing bubble...

January 1, 2010  |   Friday on the NewsHour, a second look at a Fred de Sam Lazaro report from India on the Aravind system of eye hospitals and clinics, the largest such system in the world. These clinics subsidize sight-restoring surgery for impoverished patients...

January 1, 2010  |   Here's a final top 10 list to usher in the New Year: the NewsHour's most watched videos online for the past year. Part One: Bernanke on the Record (July 27, 2009) Corruption in Nigeria Carries Costly Toll (April 24, 2009)...

January 1, 2010  |   TSA nominee: The spotlight on airline safety continues Friday with a report that the nominee to lead the Transportation Security Administration misled Congress about accessing confidential records of his estranged wife's boyfriend, according to a report in the Washington Post...

December 31, 2009  |   A U.S.-born cleric, now based in Yemen, is being investigated by U.S. counterterrorism officials for possible links to Umar Farouk Abdulmutallab, the 23-year-old Nigerian accused of trying to bring down an airliner on Christmas Day. Anwar al-Awlaki, who has reportedly...

December 16, 2009  |   The Federal Trade Commission sued Intel* Wednesday, accusing the world's biggest chipmaker of using illegal tactics to stifle its competition. The FTC accused Intel, which supplies about 80 percent of the world's microprocessors, of waging "a systematic campaign to shut...

December 11, 2009  |   In a vote of 223-202, the House passed sweeping changes Friday afternoon to the way the financial system is regulated, with the creation of a new consumer watchdog agency, new authority for the Fed to police financial firms, and a...

December 11, 2009  |   New compensation rules issued Friday will cap 2009 pay at $500,000 cash for about 450 employees at four companies that have received government bailout funds. The new guidelines affect the 26th- through 100th-highest-paid employees at the affected firms, which include...

December 10, 2009  |   Testifying before an oversight panel for the Troubled Asset Relief Program Thursday, Treasury Secretary Tim Geithner said that the U.S. economy is much improved, but struggling against "headwinds" like high unemployment and foreclosure rates. As a result, he argued, the...

December 9, 2009  |   British bankers' bonuses will be a lot lighter this holiday season, thanks to a one-time, 50 percent tax imposed on bank bonuses, announced Wednesday by Britain's chancellor of the Exchequer, Alistair Darling. Bonuses greater than 25,000 British pounds (about $40,600)...

December 8, 2009  |   President Obama outlined his plan to encourage U.S. job creation in a speech at the Brookings Institution Tuesday, emphasizing three priorities: tax cuts for small businesses; investment in U.S. infrastructure; and incentives for energy efficiency initiatives. While avoiding specific cost...

December 7, 2009  |   At the 7th Annual Business & Financial Emmy Awards luncheon today, Paul Solman and team won an Emmy for outstanding coverage of a current business news story for "Faces Behind the Numbers," a duo of pieces on U.S. unemployment. The...