Nov 24 Watch Britain Crafts Tax Plan to Help Address Country’s Economic Ills The British Parliament on Monday considered changes to its income and sales taxes as a means to alleviate the economic downturn. Margaret Warner reports from London about the proposed stimulus plan. Continue watching
Nov 24 Watch Citigroup Averts Collapse With Government Rescue Plan In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank's high-risk assets. A New York Times… Continue watching
Nov 24 Obama Announces Economic Team, Prods New Congress to Pass Stimulus Package By PBS News Hour While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan "right away" to address the nation's ongoing economic crisis. Continue reading
Nov 24 Could You Explain How Deflation is Different From Companies Setting Prices to Reflect Input Costs and Efficiencies? Question/Comment: Dear Mr. Solman, I’ve read several articles recently discussing the risk of deflation. I think I understand broadly why deflation is bad for the economy in general. Could you explain how deflation is different from companies setting prices to… Continue reading
Nov 24 Citigroup Offered Another Government Safety Net By PBS News Hour The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading
Nov 22 In Case You Missed It: A Report From Detroit Editor’s Note: Paul Solman reports on the impact to auto workers. ]>… Continue reading
Nov 21 Watch Michigan Autoworkers Face Uncertain Future Prospects for extending a federal rescue package to Detroit's Big Three automakers remain unclear after a congressional effort stalled until December. Paul Solman speaks with autoworkers about how the crisis is affecting them. Continue watching
Nov 21 Watch French Finance Minister Reflects on Economic Crisis Despite the deepening global financial crisis, France experienced a slight uptick in economic growth during the third quarter. French Finance Minister Christine Lagarde describes her country's situation in an interview with Margaret Warner. Continue watching
Nov 21 Watch Jittery Markets, Weak Data Cap Grim Week on Wall Street After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Continue watching
Nov 21 After Leaving Washington Empty-handed, Automakers Set to Craft Recovery Plan By PBS News Hour While the Big Three U.S. automakers' hopes of an immediate financial shot in the arm were dashed Thursday on Capitol Hill, they are expected to meet lawmakers' demands to craft a convincing plan for rebuilding their once-mighty industry by Dec. Continue reading