Feb 24 Under Fire, Toyota President Apologizes for Safety Missteps By Anna Shoup The president of Toyota, Akio Toyoda, arrived Wednesday on Capitol Hill and took "full responsibility" for the safety lapses that forced the recall of millions of vehicles in the U.S. "My name is on every car," Toyoda said in… Continue reading
Feb 24 Bernanke Tells Lawmakers Rates to Stay Low Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that though the economy is in recovery, the central bank will keep interest rates at record-low levels to stave off a return to recession. Bernanke's appearance before the House Financial Services… Continue reading
Feb 24 Patchwork Nation: Hardship Score Up Across All Community Types By Dante Chinni Consumer confidence is down. Gas prices and unemployment are both up. A look at the latest Patchwork Nation's Economic Hardship Index -- a measure of key indicators including foreclosures, unemployment and gasoline prices - show that it's still rough… Continue reading
Feb 24 The 'Millennial' Generation Talks Economy, Politics, Media By Judy Woodruff On Wednesday, I'll be spending most of the day focused on "millennials," one of the terms being used for the younger generation. I will moderate a daylong conference sponsored by the Pew Research Center and aimed at… Continue reading
Feb 24 Toyota's 'Prince' to Testify Wednesday Before Congress Today on Capitol Hill, Akio Toyoda -- president and CEO of Toyota Motor Corp. -- will face questions from the House Committee on Oversight and Government Reform as it probes his company's response to its vehicles' safety concerns. According… Continue reading
Feb 24 Did the Government Used to Break Up Companies for Being Too Big to Fail? Question: In the ’50s and ’60s, big companies were broken up if they became too big — like Ma Bell into the regional baby bells. GM was on the threshold of being broken up. I guess this was the federal… Continue reading
Feb 24 Wednesday Headlines: Toyota President to Testify; Senate to Vote on Jobs Bill Toyota's president, Akio Toyoda, will testify Wednesday before a House committee about the massive recall that has tarnished the world's largest automaker's once sterling reputation for safety. In prepared remarks to the House Committee on Oversight and… Continue reading
Feb 24 Watch LaHood on Toyota: 'I Think That They Were Safety Deaf' Toyota President Akio Toyoda faced tough questions Wednesday from a key House committee about his company's response to safety issues with its vehicles. Gwen Ifill talks to Transportation Secretary Ray LaHood about the government's role in ensuring vehicle safety. Continue watching
Feb 24 Watch News Wrap: Bernanke Says Interest Rates Should Stay Low In other news, Wall Street posted gains Wednesday after Federal Reserve Chairman Ben Bernanke told lawmakers that interest rates should remain low. Also, demonstrators clashed with police in Athens after another strike by workers aimed at government plans to freeze… Continue watching
Feb 24 Watch Jobs Bill Passes Senate with Boost from Republicans Democrats say the $35 million jobs bill that passed the Senate Wednesday could create a quarter of a million jobs. The legislation would temporarily suspend payroll taxes for businesses that hire unemployed workers. Margaret Warner talks to a Washington Post… Continue watching