Call me a contrarian — or just your garden-variety journalist/skeptic — but when I read the much-ballyhooed Standard & Poor’s announcement yesterday, I shook my shiny head. “Because the U.S. has, relative to its AAA peers, what we consider to … Continue reading
By Diane Lincoln Estes and Paul Solman As you’ve probably heard by now either on our program or elsewhere, the administration’s Home Affordable Modification Program (HAMP for short) has been a disappointment — to put it generously. The program, announced … Continue reading
Editor’s Note: The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? Basically, the debt is the result of more spending that saving at every level, from individual households to businesses to … Continue reading
The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? At its core, the debt is the result of more spending than saving at every level, from individual households to businesses to … Continue reading
Insurance giant AIG and the U.S. Treasury unveiled a plan to speed up the repayment of more than $100 billion in federal bailout money. Ray Suarez talks to economic writers Roben Farzad of Bloomberg Businessweek and Louise Story of The New York Times about what this means for taxpayers, the economy and the company. Continue reading
Judy Woodruff talks with Elizabeth Warren, chair of the Congressional Oversight Panel about the effectiveness of the TARP bank bailout and a program aimed at helping homeowners steer clear of foreclosures. Continue reading
In the appropriately named Cash Room of the Department of the Treasury, Treasurer of the United States Rosie Rios, along with Fed Chairman Ben Bernanke and Secretary of the Treasury Timothy Geithner, unveiled a new design of the $100 bill Wednesday morning.