President Obama’s $3.5 trillion federal budget plan for the fiscal year includes both record spending and deficits for a wide range of programs, including health care, education and bank rescues. Kwame Holman reports. Continue reading
Treasury Secretary Timothy Geithner details the Obama administration’s economic recovery plan and clarifies how the government plans to address the banking crisis. Continue reading
Question/Comment: Paul, I am wondering about the new restrictions that are being forced on the car manufacturers for bio-fuel/electric/ethanol cars. Why isn’t there any mention about the cost of producing the electricity for the car batteries and ethanol? In the … Continue reading
President Barack Obama announced his nomination of former Washington Gov. Gary Locke to be commerce secretary. Continue reading
Question/Comment: In the early ’80’s unemployment was over 10 percent. I’m old enough to remember what the economy was like at that time. It wasn’t pretty given interest rates, but on the other hand we weren’t considering massive government funding … Continue reading
President Obama has indicated that he may not seek upgrades to the presidential fleet of helicopters due to skyrocketing costs, an expense for which former President Bush had budgeted. An analyst assesses the rapidly rising prices charged by defense contractors. Continue reading
As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons.