Dec 16 Foreclosure Reading Shows Some Good News, But Brace for 2011 In the three years since the great American housing collapse became a big story, there is good news to report. The numbers are down. But maybe not for long. The latest home foreclosure data from RealtyTrac show that… Continue reading
Dec 16 Will the U.S. Follow Europe's Austerity Lead? By Paul Solman Paul Solman answers questions from the NewsHour audience on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Sharon McDonnell Question: Paul, I apologize if I missed a step in the… Continue reading
Dec 15 On Wednesday's NewsHour: BP Sued, CEOs Meet Obama, Afghan Intel BP LAWSUIT| The Justice Department filed a major lawsuit against BP and eight other companies involved in the Gulf oil spill disaster. Ray Suarez has more. OBAMA URGES COMPANIES TO HIRE | President Obama invited top business executives to a… Continue reading
Dec 15 DOJ Sues BP, Transocean Over Gulf Oil Spill By News Desk A pelican rests on an oil retention boom on July 25, 2010 near Grand Isle, Louisiana. Photo by Mario Tama/Getty Images. Attorney General Eric Holder and EPA Administrator Lisa P. Jackson announced a major lawsuit against BP, Transocean and other… Continue reading
Dec 15 Senate OKs Tax Cut Bill in 81-19 Vote The Senate passed a bill to extend existing tax cuts at all income levels by a wide margin Wednesday, sending the $858 billion measure on to the House -- and the likelihood of a new round of debate. The bill… Continue reading
Dec 15 Why Doesn't the U.S. Just Print More Money, Rather Than Borrow? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Bill Turner Question: Why does the U.S. borrow so much instead… Continue reading
Dec 15 Why Doesn't the U.S. Just Print More Money, Rather Than Borrow? By Elizabeth Shell Name: Bill Turner Question: Why does the U.S. borrow so much instead of printing as much money as we need? Paul Solman: Superb question. Two responses. Response 1: First, mightn't you borrow if you could get today's rate: a 30-year… Continue reading
Dec 15 Senate Set to Send Tax Bill to House From left: Republican Sens. John Barrasso, Mitch McConnell and Lamar Alexander prepare to speak to the media Tuesday at the Capitol. Photo by Alex Wong/Getty Images. As the Senate prepared Wednesday to give final approval to the $858… Continue reading
Dec 14 Tool$ Tuesday: Interactive Tax Cut Graphic By Paul Solman Today's tool concerns the extension of the Bush tax cuts and comes via the Washington Post, which generated the interactive graphic some time ago. But it's as timely a tool as ever, given that the Senate vote… Continue reading
Dec 14 Tool$ Tuesday: Interactive Tax Cut Graphic By Elizabeth Shell Today's tool concerns the extension of the Bush tax cuts and comes via the Washington Post, which generated the interactive graphic some time ago. But it's as timely a tool as ever, given that the Senate voted Monday night… Continue reading