Jun 10 Watch After Chrysler Deal, Fiat to Face Tough U.S. Car Market Chrysler finalized the sale of its assets to Italian automaker Fiat Wednesday after the Supreme Court cleared the way for the deal. Analysts examine the future for the newly merged company. Continue watching
Jun 10 Administration Proposes New Regulations of Executive Pay By Admin, PBS News Hour The Obama administration on Wednesday proposed new regulations for executive compensation at financial firms. Continue reading
Jun 10 If China Pulls Away From the Dollar, What Happens to the U.S. Economy? Question: There’s been speculation that China will lessen its ties to the U.S. dollar and U.S. debt. Some countries would also like oil to be priced in something other than dollars. If these events were to happen, what might be… Continue reading
Jun 10 Chrysler Finishes Deal With Fiat After Court Strikes Down Request to Delay Sale By PBS News Hour Italian automaker Fiat became the new owner of most of Chrysler's assets Wednesday, in a move that largely ends the U.S. company's bankruptcy process and staves off concerns about liquidating the company. Continue reading
Jun 09 Watch Amid Rush to Repay Rescue Funds, Banks Face New Scrutiny Big U.S. banks passed key government "stress tests" and are now working to repay federal rescue funds. Does that mean they're out of the woods and the government rescue plan worked? Financial experts offer insight. Continue watching
Jun 09 Watch Deciphering the Results of Banking ‘Stress Tests’ NewsHour economics correspondent Paul Solman explains how stress tests played into the government's decision to let ten big banks pay the Treasury back for the money they received from the federal rescue. Continue watching
Jun 09 Watch Other News: Judge OKs Chrysler Dealer Closings In other news, a bankruptcy judge approved the closing of 789 Chrysler dealership franchises, and on Wall Street, financial markets stayed relatively stable. Continue watching
Jun 09 Watch Treasury Clears 10 Banks to Repay $68 Billion in Bailout Money Treasury Secretary Timothy Geithner faced lawmakers' questions after the announcement that ten large banks have been cleared to begin paying back billions of dollars in federal rescue money. Jeffrey Brown talks to Washington Post reporter Binyamin Appelbaum about the details. Continue watching
Jun 09 Which Banks Are Repaying TARP Funds? By PBS News Hour The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months. Continue reading
Jun 09 Ten Banks Allowed to Repay $68B in Bailout Funds By Admin, PBS News Hour Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis. Continue reading