In other news Friday, Wall Street fell for the week on worries that China may raise interest rates to curb inflation, which could slow Chinese growth and hurt the global economic recovery. Continue reading
The Group of 20 summit in South Korea concluded with some broad goals but many lingering questions over currency disagreements and trade imbalances. Judy Woodruff gets more on what happened — and what didn’t happen — with Eswar Prasad of Cornell University and Zanny Minton Beddoes of The Economist. Continue reading
Editor’s Note: The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? Basically, the debt is the result of more spending that saving at every level, from individual households to businesses to … Continue reading
The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? At its core, the debt is the result of more spending than saving at every level, from individual households to businesses to … Continue reading
The Obama administration has placed pressure on China to revalue its currency, creating economic tensions between the two countries. Ray Suarez sits down with C. Fred Bergsten, director of the Peterson Institute for International Economics, about this latest turn of events. Continue reading
In the appropriately named Cash Room of the Department of the Treasury, Treasurer of the United States Rosie Rios, along with Fed Chairman Ben Bernanke and Secretary of the Treasury Timothy Geithner, unveiled a new design of the $100 bill Wednesday morning.