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. Continue reading
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. Continue reading
Another email from an old friend: “Is this event the Berlin Wall of Free Market Economics? Or even, as the press backs away from the hotness of the story, the Berlin Wall of Free Market Economics crashing not with a … Continue reading
- What would happen if the government gave every American one million dollars so people could pay off all their mortgages and bills?
While waiting for more of your emails (they come in via the Online NewsHour in Virginia), I’ve been fielding a few from friends and neighbors. I thought I’d share them, and my answers, this afternoon. First, from my earliest friend: … Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
- What regulations do you think would possibly fix this situation? And could you assess a few of those who disagree with the need for regulation?
Question/Comment: I’m concerned that your viewers are going to come away from this discussion thinking that the market is to blame. The risky investments you refer to at the root of this problem were ones that the government mandated, ones … Continue reading
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. Continue reading