Oct 30 Stimulus Created, Saved 650,000 Jobs, White House Says By Lea Winerman More than 650,000 jobs have been created or saved by the government's fiscal stimulus program, the White House said Friday. Continue reading
Oct 30 Watch With Jobs Still Elusive, White House Defends Stimulus President Obama's $787 billion stimulus package has saved or created about 650,000 jobs, the White House said Friday. But with unemployment at a 26-year high, the administration is facing increased criticism about ongoing weakness in the labor market. Continue watching
Oct 29 Watch Economy Shows New Signs of Growth, but Jobs Still Lag The U.S. economy ended a year of contraction in the third quarter, expanding by 3.5 percent. While much of the growth is being attributed to President Obama's $787 billion stimulus plan, critics continue to ask, when will jobs return?… Continue watching
Oct 29 In Case You Missed It: AFL-CIO’s Trumka Faces Dwindling Ranks Editor’s note: Paul recently sat down with newly elected AFL-CIO President Richard Trumka to discuss how Trumka plans to lead organized labor through a series of current challenges… Continue reading
Oct 29 U.S. Economy Rebounds 3.5% in Third Quarter The U.S. economy expanded at a 3.5 percent annual pace from July to September, according to Commerce Department figures released Thursday, in a signal that the worst recession since the 1930s may be easing. Continue reading
Oct 28 Watch Crackdown Targets Banks Deemed ‘Too Big to Fail’ The head of a key House committee unveiled legislation Wednesday that would grant the federal government sweeping new powers to police giant financial firms. Jim Lehrer talks to two financial analysts about the debate over "too big to fail" institutions. Continue watching
Oct 28 Reports: GMAC in Talks to Receive Third Bailout from Government GMAC, the consumer finance company and onetime subsidiary of GM, is reportedly in talks with Treasury to receive a fresh lifeline of up to $5.6 billion in aid, on top of the $12.5 billion the government has already injected into… Continue reading
Oct 28 How Will the Fannie and Freddie Takeovers Affect U.S. Debt? Question: Can you explain how the U.S. government’s take over of Fannie Mae and Freddie Mac affect interest on the debt now and in coming years? Paul Solman: No. Actually, I CAN explain, but… Continue reading
Oct 28 Bill: Biggest Firms Would Fund Future Rescues By Dave Gustafson The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday. Continue reading
Oct 27 Inside the AFL-CIO’s Health Care Lobbying Efforts By Business Desk Editor’s note: Tonight on the NewsHour, Paul profiles Richard Trumka, the newly elected president of the AFL-CIO, the labor federation representing 57 unions and 11.5 million… Continue reading