Jul 15 Watch Small Cars Make a Comeback Amid High Gas Prices Soaring gas prices have led many U.S. drivers to forgo large vehicles like SUVS for smaller cars. Essayist Anne Taylor Fleming examines the shift in consumer preference. Continue watching
Jul 15 Watch Government Bailouts, Poor Growth Fuel Concerns Over Banking Sector Troubling economic reports and bleak forecasts from the nation's economic policymakers have fueled new concerns over the health of the economy and the stability of the nation's banks. Banking experts offer insight. Continue watching
Jul 15 Watch Continued Economic Concerns Draw Attention on Hill Amid signs of continued economic distress, President Bush and the nation's top economic policymakers fanned out across Washington, seeking to reassure roiling markets, skittish investors, and a worried public. Ray Suarez wraps up the latest economic news. Continue watching
Jul 15 Bernanke: Economy Faces ‘Numerous Difficulties’ By Admin, PBS News Hour Amid a flurry of government-backed steps to fortify the U.S. economy, Fed chief Ben Bernanke told lawmakers Tuesday the economy continues to face "numerous difficulties" including turbulent financial markets, rising unemployment and housing troubles. Continue reading
Jul 14 Watch Treasury, Fed Propose Safety Net for Mortgage Giants Congress must soon decide on a U.S. Treasury-Federal Reserve measure to save mortgage giants Freddie Mac and Fannie Mae from further crisis. An economics editor and House Financial Committee members weigh the options. Continue watching
Jul 14 InBev to Buy Anheuser-Busch for $52 Billion By PBS News Hour The largest U.S. beer maker and American icon, Anheuser-Busch, accepted a $52 billion cash takeover offer from rival Belgium-based brewer InBev late Sunday after a month-long standoff. Continue reading
Jul 14 U.S. Government Takes Steps to Back Struggling Mortgage Giants By PBS News Hour The Treasury Department and Federal Reserve laid out plans Sunday to help bolster lagging confidence in mortgage-finance giants Fannie Mae and Freddie Mac. Continue reading
Jul 11 Watch Worries of a Bailout of Mortgage Giants Hit Markets Hard The market value of mortgage giants Freddie Mac and Fannie Mae slumped again Friday, but rebounded after officials downplayed the likelihood of government action. A reporter and analysts discuss the developments. Continue watching
Jul 11 Paulson: No Bailout for Fannie Mae, Freddie Mac By Admin, PBS News Hour Amid worries that Fannie Mae and Freddie Mac might run short of capital, Treasury Secretary Henry Paulson said Friday the government would support them "in their current form as they carry out their important mission."… Continue reading
Jul 10 Fannie Mae, Freddie Mac Stocks Tumble over Bailout Fears By PBS News Hour Shares of government-chartered mortgage giants Fannie Mae and Freddie Mac plunged to their lowest levels since 1991 in Thursday trading over concerns the companies won't be able to raise necessary capital. Continue reading