Jun 25 Friday: Financial Reform Deal Reached; BP's Costs Hit $2.35 Billion Conference committee chairman Rep. Barney Frank (D-Mass.) at Senate-House meetings. Photo by Mark Wilson/Getty Images. A sweeping overhaul of Wall Street rules cleared congressional negotiations early Friday after last-minute deals and compromises. Final votes in the House and… Continue reading
Jun 25 Watch In Brazil, Hope Grows for More Success in World Cup, Global Markets As Brazil hopes for yet another World Cup victory, the country is undergoing a major economic shift -- one that includes bold plans for very deep offshore drilling. Speaking with Jeffrey Brown from Rio de Janeiro, Margaret Warner previews her… Continue watching
Jun 25 Watch Future for Many Jobless in Question as GOP Blocks Unemployment Extension On Thursday, Republicans blocked a jobs bill that included an extension of unemployment benefits. Judy Woodruff talks to The Washington Post's Lori Montgomery about why Senate Republicans blocked the bill and what it means for the millions of unemployed. Continue watching
Jun 25 Watch Early Morning Compromises in Congress Advance Wall Street Reforms Early Friday, the House and Senate reached an agreement on a set of Wall Street reforms after a marathon session. Jeffrey Brown talks to Nomi Prins, former managing director at Goldman Sachs, and Douglas Elliot, former investment banker for JPMorgan,… Continue watching
Jun 24 In Brazil, Oil Rigs in Sight, but World Cup on Minds As we flew into Rio de Janeiro Wednesday, the city's jagged emerald mountains, sapphire blue waters and ribbon of white beaches seemed as pristine and beautiful as advertised, a natural paradise for residents and vacationers alike. Yet Thursday morning,… Continue reading
Jun 24 Paul Solman: Viewers Respond to Chicken Chase Scene By Paul Solman We received a very sobering set of viewer responses to the opening sequence of our credit crunch story from Springfield, Mo., the other night, of which a few are excerpted below. I have to confess, I was so caught… Continue reading
Jun 24 Economic Hardship Index Holds Some Good News; Housing Concerns Persist By Dante Chinni Turning on an economic recovery is not like turning on a light. Numbers improve and then, slowly, people begin to feel better and start to spend. In 2010 that means for any real economic improvement to have an impact on… Continue reading
Jun 24 Supreme Court Narrows Scope of 'Honest Services' Law By Quinn Bowman The Supreme Court ruled Thursday to apply more narrowly a law used to prosecute white-collar crime in response to three separate cases involving the so-called "honest services" law. The decisions were unanimous. In Skilling v. United States, former Enron… Continue reading
Jun 24 Viewers Respond to 'Chicken Chase' Scene By Business Desk Paul Solman: We received a very sobering set of viewer responses to the opening sequence of our credit crunch story from Springfield, Mo., the other night, of which a few are excerpted below. I have to confess, I was… Continue reading
Jun 24 Thursday: Containment Cap Replaced; Gen. Petraeus Returns to Spotlight Engineers repositioned the cap on BP's broken oil well late Wednesday after crews were forced to remove what has been the most effective method for containing some of the Gulf of Mexico spill. The logistics coordinator aboard the ship… Continue reading