Dec 13 What's Causing US Personal Spending to Drop- Job Loss, Fear? By Elizabeth Shell Name: Michael Cassady Question: Paul, If the U.S. consumer market is the economic driver of the U.S. economy, and that of China too, with middle-class incomes stagnant, and consumer debt more controlled following the housing market bubble, how many jobs… Continue reading
Dec 10 Loan Modifications: A Question of Economic Injustice? 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 Friday's query: Three questions today, one answer. Name: James Tracey Question: On a recent… Continue reading
Dec 10 Loan Modifications: A Question of Economic Injustice? By Elizabeth Shell Three questions today, one answer. Name: James Tracey Question: On a recent program, you interviewed a lady from the New York city area, who works in the public education field. She was about to lose the house that her family… Continue reading
Dec 10 The Morning Line: For President Obama, Now Comes the Hard Part President Obama at the White House this week. Photo by Dennis Brack-Pool/Getty Images. If you think the greatest challenge currently facing President Obama is getting the $858 billion tax cut deal through Congress, think again. The Senate appears… Continue reading
Dec 09 Good Ideas to Save the Economy Can Have Unintended Consequences By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Thursday's query: Name: Fred Damato Question: Would this work to jump start the economy?… Continue reading
Dec 09 Good Ideas to Save the Economy Can Have Bad Unintended Consequences By Elizabeth Shell Name: Fred Damato Question: Would this work to jump start the economy? Give all citizens (with incomes up to $250,000) the option to withdraw some or all of their retirement savings tax free if they pay all cash for a… Continue reading
Dec 09 Senate to Consider Tax Cuts, DREAM Act in Day Packed With Votes Supporters of the DREAM Act recite the Pledge of Allegiance at the Capitol on Wednesday. The bill would allow a path to citizenship for children who entered the country illegally. Photo by Bill Clark/Roll Call. The Senate… Continue reading
Dec 08 Full Scale White House Push Underway to Rally Support for Tax Cut Deal Continuing their full-scale push to build support for President Obama's tax and spending compromise, top White House officials went before a roomful of reporters this afternoon for an off-camera session to defend the plan. White House senior adviser David… Continue reading
Dec 08 Watch News Wrap: House Democrats Push $1.2 Trillion Government-Funding Plan In other news Wednesday, House Democrats moved to fund the government for the rest of the fiscal year to the tune of $1.2 trillion. The measure would freeze the budgets of most Cabinet departments. Continue watching
Dec 08 Looking To the Past To See the Future: More Anxiety May Await Us By Elizabeth Shell Name: Sophia Shelko Question: What does the future hold for people that have lost or have been victims of this economic crisis? An example: those who faced foreclosures of their homes and had their credit ruined. Paul Solman: If the… Continue reading