Nov 11 U.S. Debt and the Chinese Government: A Match Made in Purgatory? By Elizabeth Shell The United States is in debt to the tune of $13.7 trillion. But for what, and to whom? At its core, the debt is the result of more spending than saving at every level, from individual households to businesses… Continue reading
Nov 11 Both Sides Unhappy with Debt Commission's Proposals National Commission on Fiscal Responsibility and Reform co-chairmen Erskine Bowles and Alan Simpson. Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images. Voters sent a clear message in this month's midterm elections: They want their elected officials to do something… Continue reading
Nov 11 Iraqis Reach Tentative Deal on Power-sharing Government; U.S., South Korea Fail to Reach Trade Agreement After eight months of gridlock, Iraq's leaders reached an agreement that would keep Prime Minister Nouri al-Maliki in power but give Sunnis and Kurds leadership blocs in the government, including a prominent role for Ayad Allawi. The deal comes… Continue reading
Nov 10 Watch Fed's $600B Move a 'Chief Irritant' Facing Obama as G-20 Begins President Obama faces international criticism over disputed currency policy as the G-20 Summit kicks off in Seoul. World leaders question whether the U.S. Federal Reserve is making sound economic decisions for the global economy. Judy Woodruff has details. Continue watching
Nov 10 Watch News Wrap: Boehner Standing Firm on Extending Bush Tax Cuts In other news Wednesday, taxes were a central focus of a Republican meeting to discuss their transition to power in the House. The presumed next Speaker of the House John Boehner stood firm on extending tax cuts across the board,… Continue watching
Nov 10 Watch Next Steps Unclear for Commission's Drastic Debt-Reduction Plan A bipartisan deficit commission appointed by President Obama issued a draft proposal of drastic spending cuts Wednesday, ranging from changes in Social Security to tax policy. Lori Montgomery of the Washington Post gives details on what the panel leaders are… Continue watching
Nov 10 Fiscal Commission Proposes Big Cuts, Tax Reform to Reduce U.S. Debt By Chris Amico The Fiscal Commission charged with charting a path toward a balanced federal budget released a draft report Wednesday, calling for cuts… Continue reading
Nov 10 How Stimulating is Military Spending? By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Wednesday's query: Name: Rich Tuloch Question: I learned long, long ago in school that… Continue reading
Nov 10 How Stimulating is Military Spending? By Elizabeth Shell Name: Rich Tuloch Question: I learned long, long ago in school that military spending is a form of economic stimulus. If I am correct, the past administration (President Bush & co.) spent a great deal more money as stimulus than… Continue reading
Nov 10 Watch Obama to Face Concerns Over Dollar Deflation, Fed Move at G-20 As President Obama meets global leaders in South Korea to tackle currency and trade disputes, he will face concerns over U.S. actions that could drive down the value of the dollar and hurt the price of exports. Judy Woodruff speaks… Continue watching