recession

  • August 2, 2012  

    The Troubled Asset Relief Program was created in 2008 to prevent financial collapse by allowing the U.S. government to buy up troubled assets. But it ended up being used to bailout big banks. Paul Solman talks to Neil Barofsky, author of the new book “Bailout,” about his role as the former TARP Special Inspector General. Continue reading

  • August 1, 2012  

    Chairman Ben Bernanke pledged again that should the economy slow further, the Federal Reserve would act, but announced no immediate action. That news, as well as a trading glitch, brought down markets on Wednesday. Jeffrey Brown talks to The Wall Street Journal’s Jon Hilsenrath about the motivation behind the Fed’s announcement. Continue reading

  • July 27, 2012  

    The Commerce Department’s economic report this week was cautiously positive, with 1.5 percent growth of annual GDP. But with unemployment rates stagnant and consumer spending down, anxiety remains. Judy Woodruff talks to David Wessel of the Wall Street Journal and Mark Zandi of Moody’s Analytics on the U.S economic forecast . Continue reading

  • July 26, 2012  

    Twenty-two years after George H.W. Bush signed the American Disability Act into law, questions remain on whether the law prevents hiring discrimination of disabled workers. Judy Woodruff talks to U.S. Business Leadership Network’s Jill Houghton and Sen. Tom Harkin (D-Iowa) about efforts to employ more disabled people. Continue reading

  • July 25, 2012  

    In other news Wednesday, newly released figures show the British economy has fallen deeper into recession than predicted. Also, officials in Anaheim, Cal., called for a cease to a four-day run of violence in reaction to the weekend killing of two hispanic men by police. Continue reading

  • July 17, 2012  

    Grim findings from a task force come amid further setbacks to the nation’s economic health. Jeffrey Brown discusses eroding revenues, state budget cuts and steep pension obligations with former New York Lt. Gov. Richard Ravitch, the report’s co-chair, and Susan Urahn of the Pew Center on the States. Continue reading

  • June 19, 2012  

    As more and mores states struggle to keep their pension promises, a new Pew study released Tuesday painted a stark picture of just how big the budget hole has become in some states. Jeffrey Brown discusses the pension gap with the Pew Center’s Kil Huh and Northwestern University’s Joshua Rauh. Continue reading

  • May 11, 2012  

    After days of campaign rhetoric over same-sex marriage, President Obama and Mitt Romney shifted back to the economy Friday. In North Carolina, Romney took aim at President Obama’s “liberal policies” while the president alluded to Republican ideas having caused the financial crisis. Judy Woodruff reports. Continue reading

  • April 27, 2012  

    Romania’s government fell in a no-confidence vote Friday while the Czech Republic’s government moved to the brink of collapse before surviving a no-confidence vote. The Dutch government collapsed Monday and Spain — Europe’s fourth-largest economy — fell back into recession. Ray Suarez reports on renewed worries across Europe. Continue reading

  • March 20, 2012  

    Since the recession hit, welfare applications have soared in Colorado. Some states have proposed tightening welfare eligibility, in part to deal with limited state budgets. One emerging trend across the country: requiring recipients to pass a drug test. Ray Suarez reports. Continue reading