While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan “right away” to address the nation’s ongoing economic crisis. Continue reading
- Could You Explain How Deflation is Different From Companies Setting Prices to Reflect Input Costs and Efficiencies?
Question/Comment: Dear Mr. Solman, I’ve read several articles recently discussing the risk of deflation. I think I understand broadly why deflation is bad for the economy in general. Could you explain how deflation is different from companies setting prices to … Continue reading
The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading
Editor’s Note: Paul Solman reports on the impact to auto workers.
David Brooks and Ruth Marcus weigh reports that President-elect Barack Obama plans to choose Sen. Hillary Clinton and Timothy Geithner, among others, for Cabinet posts and the search for solutions to the economic crisis. Continue reading
Despite the deepening global financial crisis, France experienced a slight uptick in economic growth during the third quarter. French Finance Minister Christine Lagarde describes her country’s situation in an interview with Margaret Warner. Continue reading
After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Continue reading
While the Big Three U.S. automakers’ hopes of an immediate financial shot in the arm were dashed Thursday on Capitol Hill, they are expected to meet lawmakers’ demands to craft a convincing plan for rebuilding their once-mighty industry by Dec. 2. Continue reading
Editor’s Note: Paul Solman spoke with Nobel-winning economist Robert Solow on the financial crisis.