As the country absorbs the newest round of national unemployment data Friday, the real-world effect in local communities is proving a mixed picture. Continue reading
Question: What would happen if the government let Citibank and Bank of America, et al., just fail? Paul Solman: The possibilities are various, intriguing, and terrifying. Let’s say Citi goes under. The government has to honor all of the company’s … Continue reading
Stocks tumbled after the government expanded aid to struggling insurer American International Group and the company reported a huge quarterly loss. Analysts examine what this could mean for the broader financial outlook. Continue reading
President Obama’s budget plan outlines large-scale changes in tax policy, calling for $318 billion of tax increases over the next 10 years for the wealthiest individuals and families combined with tax cuts for the middle class. Analysts discuss the impact of the changes. Continue reading
Question/Comment: I’m retired and considering investing in Citigroup and BAC. However, I keep hearing the word “nationalization.” Would my prospective investment be lost should the Government nationalize Citigroup and BAC? What is the likelihood that the Government will nationalize? If … Continue reading
Federal regulators vowed Monday to assist struggling banks by increasing the government’s ownership stakes while an Obama spokesman said the president supports a private banking system. A financial reporter discusses the deepening crisis amid large market losses. Continue reading
As the country struggles through an economic crisis, Paul Solman talked to author Jared Diamond about his book “Collapse: How Societies Choose to Fail or Succeed” on Friday’s NewsHour. Read the transcript here.