Dec 17 Madoff Settlement Will Bring Over $7 Billion Back to Victims By Murrey Jacobson DetectFlashDecision_Blog('news01s465fqff1', 'Lcu3bs1RibI', '29'); In what has turned out to be the largest civil forfeiture case in United States history, the widow of a wealthy investor and philanthropist, who was also a friend of Bernard Madoff, is returning $7.2… Continue reading
Dec 17 President Obama Signs Tax Cut Extension into Law President Obama signs bipartisan tax legislation that extends tax cuts signed by former President George W. Bush and renews benefits for the unemployed during a ceremony on Dec. 17, 2010. (Saul Loeb/AFP/Getty Images) President Obama signed $858 billion tax… Continue reading
Dec 17 EU Backs Long-Term Debt Management, Richardson in Meetings in North Korea In light of recent financial crises in the European Union, including in Greece, Spain and Ireland, EU leaders agreed to an amendment -- yet to be ratified by the 27 member states -- that would install a bailout… Continue reading
Dec 17 Tax Cut Deal Passes in Late-Night Vote, Heads to President Obama House Majority Leader Steny Hoyer speaks to reporters Thursday at the Capitol. Photo by Brendan Smialowski/Getty Images. At 11:59 p.m. EST Thursday, moments before the House's consideration of President Obama's $858 billion tax cut package was about to… Continue reading
Dec 16 Foreclosure Reading Shows Some Good News, But Brace for 2011 In the three years since the great American housing collapse became a big story, there is good news to report. The numbers are down. But maybe not for long. The latest home foreclosure data from RealtyTrac show that… Continue reading
Dec 16 Will the U.S. Follow Europe's Austerity Lead? By Paul Solman Paul Solman answers questions from the NewsHour audience on business and economic news most days on his Making Sen$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