Jul 07 Obama, Congress Search for Grand Bargain on Debt Ceiling On Thursday, House and Senate leaders will meet with President Obama at the White House. Photo by Mandel Ngan/AFP/Getty Images. At his news conference last week, President Obama called on members of Congress to "do something big" when… Continue reading
Jul 06 Amid All the Debate Over Debt, Where Does Job Growth Fit In? I came away from my interview with Republican Sen. John Cornyn of Texas on Tuesday's NewsHour still curious about the answer to this question: Why aren't employers hiring more people? Discussing the budget and debt ceiling showdown gripping… Continue reading
Jul 05 Watch Raze the Roof: Cleveland Levels Vacant Homes to Revive Neighborhoods Business correspondent Paul Solman reports from Cleveland on the economically troubled Ohio city's efforts to tear down thousands of empty foreclosed homes in hopes of putting eyesore and dangerous properties back to productive use -- perhaps as community gardens, new… Continue watching
Jul 05 Fannie Mae: What's Politics Got To Do With It? EmbedVideo(906, 482, 304); 'Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days. Here's Monday's query: Name: B… Continue reading
Jul 05 Fannie Mae: What's Politics Got to Do With it? By Paul Solman // 'Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets.' Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Tuesday's… Continue reading
Jul 05 Fireworks May Not Be Over as Congress Gets Back to Work on Debt Fireworks light up the sky behind the U.S. Capitol building on July 4. Photo by Eva HambachAFP/Getty Images. The debt/deficit problem facing the country didn't go away over the Fourth of July holiday. As Aaron Sorkin's fictional President… Continue reading
Jul 05 Bombings in Iraq Kill 35, Lagarde Takes Over at IMF By News Desk Two bombs in the town of Taji killed at least 35 people on Tuesday, according to Iraqi officials, with dozens more wounded in the latest in a string of attacks coinciding with the debate over whether to ask U.S. Continue reading
Jul 01 Watch Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for homeownership, pursued profits for itself and bought… Continue watching
Jul 01 Joseph Stiglitz, Barney Frank Respond to 'Reckless Endangerment' Allegations By Elizabeth Shell Friday on the NewsHour, New York Times finance specialist Gretchen Morgenson and co-author Josh Rosner, a longtime housing analyst, talk about their new bestseller, "Reckless Endangerment" (no. 17 on the Times list this week). The book is a sustained indictment… Continue reading
Jul 01 'And If Elected I'll Fix the Housing Market' ... Probably Not A carpenter installs vinyl siding for a new home under construction in Raleigh, N.C., in May. Photo by Jim R. Bounds/Bloomberg via Getty. As the economic troubles that began with the last recession drag on and on, the drop… Continue reading