While Congress engaged in a budget showdown, workers’ pay was delayed, tourism money lost and small business loans put on hold. Judy Woodruff talks to Sylvia Burwell of the Office of Management and Budget, plus Beth Ann Bovino of Standard & Poor’s and Mark Zandi of Moody’s Analytics offer insight on broader potential impact. Continue reading
With all the strife over public sector unions, including irate e-mails in response to our pension coverage on the program, we thought we’d lighten the mood today by sharing some recent political cartoons.
Many were surprised to hear New York City schools chief Joel Klein was stepping down to rejoin the private sector after eight years heading up the nation’s largest public school system and being part of a U.S. school reform debate. Gwen Ifill talks to Sarah Garland of the Hechinger Report for more on what his departure means. Continue reading
Private-sector job growth in October surprised analysts, but U.S. unemployment held steady at 9.6 percent. “This is not progress,” economist Paul Krugman told Judy Woodruff, while Douglas Holtz-Eakin said job growth has hit an “unacceptable anemic pace.” Continue reading
The 2008 downfall of financial giant Lehman Brothers prompted global efforts to avoid another international financial crisis. Two financial reporters, John Cassidy and Andrew Ross Sorkin, talk about what we’ve learned in the two years since Lehman’s collapse and what’s been done to avoid a similar instance. Continue reading
Two years after Lehman Brothers collapsed, central bankers from 27 countries agreed to new rules that include substantially raising the amount of capital that banks must hold in reserve in hopes of preventing another global financial crisis. Continue reading