Question/Comment: Paul, please help me understand who is more correct when it comes to the multiplier as applied to tax cuts, versus increased government spending. Professor Greg Mankiw believes that the stimulus package should have more tax cuts, while Professor … Continue reading
Several U.S. companies reeling from the economic downturn announced a total of some 45,000 job cuts on Monday. Analysts assess what the employment situation signals about new government efforts to revive the economy. Continue reading
Washington Post columnist E.J. Dionne and National Review Editor Ramesh Ponnuru discuss President-elect Obama’s mounting foreign policy concerns, the shape of the new Congress, and an emerging economic stimulus plan. Continue reading
On Monday’s NewsHour, Paul Solman examined whether big infrastructure projects, such as the one being considered by President-elect Barack Obama, are an effective way to create new jobs and stimulate the economy.
Some economists believe increasing government spending on infrastructure is the only way out of the nation’s economic crisis. Paul Solman reports on how infrastructure spending may be a crucial way to resuscitate the economy. Continue reading
U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama’s plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit’s Big Three automakers may be near. Continue reading
The terror attacks in Mumbai, India, have shaken the city’s citizens and raised questions on the government’s response. Simon Marks reports from Mumbai on how residents across the city are reacting to the deadly siege. Continue reading
President-elect Barack Obama met with state leaders at the National Governors Association conference Tuesday to help shape an economic recovery plan. A panel of governors describes how states are handling the financial downturn. Continue reading