Jan 25 Monday's Headlines: Obama to Propose Help for Middle Class Families President Barack Obama will use the State of the Union address this Wednesday to propose a series of initiatives aimed at helping middle class families, the New York Times reports. Among the proposals the president is expected to lay… Continue reading
Jan 25 Watch Obama Looks to 'Reestablish' Economic Security President Obama is expected to pay particular attention to the needs of middle-class voters in Wednesday's State of the Union. Continue watching
Jan 22 In Ohio, Obama Pushes Jobs Plan and Health Care At a townhall-style event outside Cleveland, Ohio, Friday, President Barack Obama admitted that his agenda, including the health care reform effort, had hit "a little bit of a buzz saw," but he vowed to keep pushing for a health care… Continue reading
Jan 22 Bernanke's Road to a Second Term Faces New Obstacles Updated 5:46pm ET Senate Majority Leader Harry Reid issued a statement late Friday, signaling his endorsement of Ben Bernanke for a second term as Fed chairman. Here's part of what Reid had to say about the decision:… Continue reading
Jan 22 Would Dividing Commerical and Investment Functions Be Enough to Prevent Risky Behavior? Question: Since our largest banks became large by joining together many regional banks and became rich enough to practically own Congress, it seems to me we should take them apart for our own safety, and divide commercial from investment functions… Continue reading
Jan 22 Friday's Headlines: Obama Heads to Ohio to Talk Jobs Obama in Ohio: President Obama heads to Lorain County, Ohio, on Friday to talk jobs as part of his White House to Main Street "listening tour." During the visit to Ohio, where the unemployment rate stands at 10.6 percent,… Continue reading
Jan 22 Watch Economic Woes Raise Questions on Bernanke David Wessel of the Wall Street Journal explains how the Massachusetts election affected Fed Chief Ben Bernanke's chances at a second term. Continue watching
Jan 21 Obama Proposes Restrictions on Big Banks UPDATED 4:45 p.m. ET| Tonight on the NewsHour, Treasury Secretary Tim Geithner explains the thinking behind the president's proposal. He will be followed by Rep. Scott Garrett (R-NJ), a member of the House Financial Services Committee. In a… Continue reading
Jan 21 How Does Goldman Sachs Make Its Profits? Question: How is it that Goldman Sachs and the other Wall Street firms are able to earn such huge profits and pay out such huge bonuses? Do the firms whose CEOs testified before Congress… Continue reading
Jan 21 Thursday's Headlines: Obama to Propose New Limits on Banks Turning the focus from health care to the economy, it was widely reported Thursday morning that President Obama is set to propose new regulations that would limit the size of the nation's largest banks and the scope of the risky… Continue reading