 | 2008 OCTOBER
October 6, 2008
Bailout Fails to Stem Credit Fears in Financial Markets
Despite the approval of a sweeping $700 billion bailout bill on Capitol Hill, the downward march of the financial sector continued Monday as major world and U.S. markets plummeted.
   
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| October 6, 2008
Stocks Drop Over Continuing Credit Fears
U.S. stocks fell more than 6 percent Monday morning and the Dow Jones industrial average fell below 10,000 for the first time since October 2004.
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| October 6, 2008
Can you explain, simply, what a credit default swap is?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 3, 2008
VP Debate, Battleground Strategies Top Campaign Headlines
This week, Congress pushed through a massive financial rescue plan and vice presidential hopefuls faced off in a key debate. Analysts Mark Shields and New York Times columnist David Brooks weigh all things politics.
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| October 3, 2008
Sweeping $700 Billion Financial Rescue Wins Final Approval
The U.S. economy faced fresh troubles Friday as President Bush signed a $700 billion bailout bill. Analysts weigh the economic picture and Paul Solman recaps week's events.
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| October 3, 2008
After Week of Debate, House Passes Bailout Plan
Members of the House approved a modified federal rescue plan Friday, moved by the Senate's support and mounting concerns over the stability of the U.S. financial sector. Kwame Holman reports on the bill's passage.
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| October 3, 2008
Wouldn't mortgage-backed securities gain value we could refinance homes?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 3, 2008
Should I move now whatever money I can to federally insured savings accounts?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 3, 2008
House Passes $700 Billion Financial Bailout Bill
The House of Representatives passed hotly-debated legislation Friday to bail out the troubled financial industry by a 263-171 vote, agreeing to the Senate bill that passed on Tuesday and sending it to the White House for President Bush's signature.
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| October 3, 2008
Employers Slash 159,000 Jobs in September
Employers cut payrolls by 159,000 in September, the most in more than five years, the Labor Department reported Friday, raising new fears that the economy has lost its footing and is sliding into a recession.
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| October 3, 2008
Wachovia Spurns Citibank, Will Be Acquired by Wells Fargo
Wachovia Corp. changed course on a buyout deal Friday, agreeing to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, reversing an earlier agreement to be acquired by Citigroup.
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| October 2, 2008
House Leaders Count Votes, Target GOP Holdouts in Attempt to Pass Rescue Package
The Treasury Department's plan to buy bad mortgage-related securities returns to the House Friday, as lawmakers lobby their own party members and hope tax cuts and financial rule changes will convince holdout Republicans to vote yes.
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| October 2, 2008
Questions Remain on Bailout Plan as House Prepares to Vote Anew
The Senate on Wednesday approved a financial rescue package that could cost up to $700 billion -- the largest government intervention in U.S. history. Analysts discuss whether the plan will be enough to fix the ailing economy.
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| October 2, 2008
Is this event the Berlin Wall of Free Market Economics?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 2, 2008
What would happen if the government gave every American one million dollars so people could pay off all their mortgages and bills?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 2, 2008
Personal Finance Columnists Answered Your Questions on the Wall Street Crisis
In recent days, the Dow posted a record single-day drop and Washington Mutual was seized by the federal government as major Wall Street upheaval continues to unravel. But how will financial institution changes and Wall Street troubles impact your finances? Two columnists answered your questions.
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| October 2, 2008
Reports: High Unemployment, Low Manufacturing
Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August.
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| October 1, 2008
Senate Approves Massive Financial Rescue Plan; House May Vote Friday
With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25.
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| October 1, 2008
Campaigns Rush to Court Clinton's Fla. Supporters
Sen. Hillary Clinton held a strong foothold in the key state of Florida during the primaries -- and her supporters are not yet running to either presidential ticket. Judy Woodruff reports on efforts by the Obama and McCain campaigns to court former Clinton supporters.
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| October 1, 2008
Obama, McCain Depart Campaign Trail for Senate Vote
New polls suggest the economic crisis has created momentum for Sen. Barack Obama's campaign, especially in battleground states. The Hotline's Amy Walter and Susan Page of USA Today break down the latest campaign news and how Thursday's vice presidential debate might impact the dynamics at play.
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| October 1, 2008
Modified Wall Street Rescue Plan Awaits Senate Vote
As the Senate votes on a modified version of the $700 billion bailout package that the House rejected, political and economic experts assess the measure's likely path and how it will affect financial markets abroad.
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| October 1, 2008
What would happen if we did nothing to fix the credit crisis?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| October 1, 2008
Before Senate Vote, Protesters Demonstrated Against Bailout in D.C.
On Sept. 29, the House rejected a $700 billion bailout for Wall Street. On Oct. 1, the Senate passed its own rescue bill, sending it back to the House. Hours before the vote, demonstrators against the bailout voiced their opinions on the streets of Washington, D.C.
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| October 1, 2008
Why is a bailout being considered, not massive loans?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| SEPTEMBER
September 30, 2008
Americans Fear Personal Investments Hit by Credit Crunch
A record decline in U.S. markets Monday spread panic to average Americans worried about their investments. Finance writers Jane Bryant Quinn of Newsweek and Brett Arends of the Wall Street Journal assess how the credit crisis will impact personal finances.
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| September 30, 2008
Bailout Discord Persists as Congress Seeks to Fix Economy
With Congress set to revisit reaching a compromise over the proposed $700 billion bailout that failed in the House on Monday, a panel of lawmakers debate the plan and future efforts to alleviate the economic meltdown.
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| September 30, 2008
President Urges Congress to Take 'Decisive Action' on Bailout
Stocks opened higher Tuesday morning, but financial markets remained troubled a day after the House voted down a $700 billion rescue plan for the financial sector that the Bush administration and congressional leaders had agreed was necessary.
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| September 30, 2008
Which was the only stock in the S&P 500 to go up yesterday?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| September 29, 2008
Florida's Economy Impacts Voters' Election Day Decisions
With the housing market in turmoil and the markets reeling from the credit crisis, voters in the battleground state of Florida are scrutinizing what each of the candidates may be able to do to tackle the situation. Judy Woodruff reports on what voters are saying.
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| September 29, 2008
Rescue Bill Failure Shocks Wall Street
The House defeated a $700 billion rescue package Monday, causing serious turmoil on Wall Street. A panel of reporters discuss the implications of the rescue rejection.
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| September 29, 2008
House Defeats Wall Street Rescue Plan
A controversial $700 billion Wall Street rescue bill backed by Congressional leaders and the Bush administration failed to pass in the House of Representatives Monday. Kwame Holman reports on the dramatic day on Capitol Hill.
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| September 29, 2008
With the world shifting under our feet, a response to the day's record events.
Paul Solman answers questions on business and economic news on "The Business Desk."
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| September 29, 2008
House Rejects $700 Billion Bailout; Stocks Plummet
The House on Monday defeated a $700 billion emergency rescue package, ignoring pleas from President Bush and bipartisan congressional leaders to bail out the financial industry, while the Dow Jones industrial average lost more than 700 points.
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| September 29, 2008
Reporter's Notebook: Judy Woodruff Previews 'Battleground: Florida' Series
Senior correspondent Judy Woodruff spoke with the NewsHour's Steve Goldbloom about her recent reporting trip through the battleground state of Florida. The first of her three reports focuses on the economy and airs Monday.
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| September 29, 2008
Could property prices be temporarily "set" at the value of the total mortgage on the property?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| September 29, 2008
In Latest Shake-Up, Citigroup to Acquire Wachovia
In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp.
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| September 26, 2008
McCain, Obama Clash on Foreign Policy, Economic Future in Tense First Debate
Sens. John McCain and Barack Obama sharply attacked each other's judgment on Iraq, Iran and Pakistan during Friday's debate. Political analysts and historians react to the candidates' performances.
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| September 26, 2008
Shields, Brooks Weigh in on the Week's Dramatic Bailout Debate
It was a devastating week on Wall Street and a contentious one in Congress as politicians battled over bailout proposals. With the presidential candidates heading to the first debate, political analysts Mark Shields and David Brooks reflect on the developments.
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| September 26, 2008
Largest Bank Failure in U.S. History Preempts Any Bailout Plan
Another blow was dealt to the ailing American finance system as Washington Mutual Bank was seized overnight by the U.S. government. By morning its assets were sold off to JPMorgan Chase. Business reporters detail the sudden and drastic move.
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| September 26, 2008
House Lawmakers Divided Over Scope of Government Intervention
Congressional leaders are showing signs of fatigue and frustration over continuing negotiations. Reps. Barney Frank and Mike Pence discuss the progress towards a workable plan.
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| September 26, 2008
Kwame Holman Reports on Financial Woes Preceding Debates
Lawmakers have not been able to agree on a plan with the White House, nor with each other, choosing not to enact a bill for the near future. NewsHour correspondent Kwame Holman discusses the dealings on Capitol Hill.
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| September 26, 2008
Bush Struggles to Unite Rebelling House Republicans on Bailout
As Washington struggles to reach consensus on a proposed Wall Street bailout, GOP senators have blocked a proposed Democratic plan to pump $56 billion into public works projects, help for the jobless and to help states with high Medicaid bills.
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| September 26, 2008
McCain Agrees to Debate Obama Amid Bailout Negotiations
Despite his call earlier this week to postpone the first presidential debate, aides to GOP nominee John McCain announced the senator will participate.
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| September 26, 2008
Fed Takes Over WaMu in Largest Bank Failure in American History
As the debate over the proposed $700 billion bailout of Wall Street continues to rage in Washington, the government took over lending giant Washington Mutual Thursday night in what is by far the largest bank failure in American history.
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| September 26, 2008
Is the principle of "buyer beware" the dominant principle in the American system?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| September 26, 2008
Is the American dream of home ownership and subsequently loaning money to unqualified home buyers a major cause of this crisis?
Paul Solman answers questions on business and economic news on "The Business Desk."
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| September 25, 2008
Congressional Leaders in Standoff Amid Financial Crisis
Congressional leaders worked on a rescue plan for Wall Street as Sens. McCain and Obama came to Washington to participate in bailout talks. Two political reporters and a business reporter discuss the political impasse and how a rescue plan might work.
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| September 25, 2008
Congress, the White House Stall Over Market Rescue Plan
Resistance to the government's $700 billion bailout plan from lawmakers continued Thursday, adding pressure to finish a compromise deal that could bring certainty to the crisis. Kwame Holman reports on the obstacles to passing a final agreement between Congress and the Bush administration.
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| September 25, 2008
Lawmakers Work to Hammer Out Deal on Financial Bailout
Lawmakers reported making progress Thursday on reaching an agreement on a sweeping financial bailout plan, which has stirred days of debate over how to better safeguard taxpayers as Wall Street continues its tailspin.
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| September 25, 2008
What regulations do you think would possibly fix this situation?
Paul Solman answers questions on business and economic news on "The Business Desk."
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BUSINESS & ECONOMY
