Former Fed Chair Alan Greenspan told Congress Thursday the economic crisis unveiled “a flaw” in his view of world markets. Economic analysts discuss his testimony and legacy.
New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year. Continue reading
U.S. stocks rose Monday following word from President Bush, French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso over the weekend that they plan to hold a series of summits on the global financial crisis. Continue reading
President Bush sought to reassure Americans that moves taken by the federal government would be bold enough to ease the financial crisis even as new reports showed further declines in the housing market. Continue reading
Presidential hopefuls focused their words on aiding America’s middle class in their final debate while maintaining very different temperaments. Experts look at how the candidates’ rhetoric and approach foreshadow what’s ahead in the final weeks of the campaign. Continue reading
The U.S. financial meltdown has become a globalized crisis, spreading to Europe and emerging markets. The managing director of the International Monetary Fund explains the importance of restoring confidence among banks and consumers, coordinating efforts among countries and the IMF’s role. Continue reading