Feb 26 Watch Other News: U.S. Jobless Claims Rise, Stocks Fall on Health Care Plans In other news, the Labor Department reported that U.S. jobless claims rose to their highest levels since 1982 and markets fell on concerns that medical and drug companies would lose money under the president's new health care budget. Continue watching
Feb 26 Watch Obama Administration Rolls Out $3.5 Trillion Budget Plan President Obama's $3.5 trillion federal budget plan for the fiscal year includes both record spending and deficits for a wide range of programs, including health care, education and bank rescues. Kwame Holman reports. Continue watching
Feb 26 Seeking More Aid, GM Posts Massive 2008 Losses By PBS News Hour General Motors Corp. announced Thursday that it lost nearly $31 billion in 2008, saying its auditors were likely to cast doubt on its viability as it seeks more federal aid to stay afloat. Continue reading
Feb 26 What About the Recession's Effects on the Arts? Question/Comment: Is there a possibility that you would do a piece on the Brandeis decision to close the Rose Art Museum and sell the collection? I know you’re a graduate, as I am. It strikes me a bad decision… Continue reading
Feb 25 Watch Geithner: Bank Nationalization Is the 'Wrong Strategy' Treasury Secretary Timothy Geithner details the Obama administration's economic recovery plan and clarifies how the government plans to address the banking crisis. Continue watching
Feb 25 What Would Be the Energy Cost of Electric Cars? By Business Desk Question/Comment: Paul, I am wondering about the new restrictions that are being forced on the car manufacturers for bio-fuel/electric/ethanol cars. Why isn’t there any mention about the cost of producing the electricity for the car batteries and ethanol? In the… Continue reading
Feb 25 Wall Street Teeters, Obama Presses Economic Plan By Admin, PBS News Hour Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system. Continue reading
Feb 25 Former Washington State Gov. Gary Locke Tapped to Be Commerce Secretary By PBS News Hour President Barack Obama announced his nomination of former Washington Gov. Gary Locke to be commerce secretary. Continue reading
Feb 25 Are We Overreacting to Unemployment Numbers? Question/Comment: In the early ’80’s unemployment was over 10 percent. I’m old enough to remember what the economy was like at that time. It wasn’t pretty given interest rates, but on the other hand we weren’t considering massive government funding… Continue reading
Feb 24 Watch As Banking Woes Grow, Debate Over Nationalization Intensifies As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons. Continue watching