Jan 23 Watch Market Turmoil Highlights China’s Impact on U.S. Economy Global stocks largely rebounded on Tuesday after concerns over a weakened U.S. economy sent international markets tumbling. Jim Fallows of the Atlantic Monthly discusses how China's lending and asset buying impact the U.S. markets and economic stability. Continue watching
Jan 23 Watch Congress, White House Hammer out Stimulus Package Details U.S. House leaders met with Treasury Secretary Henry Paulson Wednesday to shape the details of a economic stimulus package amid fears of a recession and concerns over volatile financial markets, both in the U.S. and abroad. Two economists assess the… Continue watching
Jan 23 I always hear about the Chinese keeping their currency at an artificial rate to help exports. Where would the cost of doing that show up? Question/Comment: I always hear about the Chinese keeping their currency at an artificial rate to help exports, but I know from trying to hold a lid on a boiling pot that the pressure is going to come out somewhere. If… Continue reading
Jan 22 Watch Amid Economy Woes, Americans Weigh Finanical Options As fears of a U.S. economic downturn stir tumult in global finanical markets, two financial experts examine the impact of the market turmoil on the average American consumer and how the week's events may fit into the broader U.S. economic… Continue watching
Jan 22 Watch Rate Cut, Market Turmoil Add to Unease Over Economy Amid fears of a U.S. economic downturn, global markets suffered steep losses and the Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday -- its biggest cut in over 23 years. Financial experts examine why… Continue watching
Jan 22 Fed Slashes Key Rate as World Markets Tumble By Admin, PBS News Hour After many world financial markets suffered their biggest losses Monday since the Sept. 11 terrorist attacks, the Federal Reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday -- its biggest cut in more than 23… Continue reading
Jan 21 Watch Bernanke Put to Test as U.S. Economy Struggles Federal Reserve Chairman Ben Bernanke has called for government action to revive the slowing U.S. economy, in a key test of his tenure as the head of the central bank. Two business reporters consider how Bernanke is responding to the… Continue watching
Jan 18 Watch Bush Calls For $150 Billion Economic Stimulus Package President Bush Friday proposed a $150 billion economic stimulus package to address the nation's mounting economic woes. NewsHour correspondent Kwame Holman reports on the announcement, then the NewsHour listens to the analysis of Brooks and Shields. Continue watching
Jan 18 Bush Calls for $145 Billion Economic ‘Shot in Arm’ By PBS News Hour President Bush called for about $145 billion worth of tax relief for individuals and businesses Friday to give the U.S. economy a "shot in the arm" and hopefully avert a recession. Continue reading
Jan 17 Watch Amid Economic Woes, Push Intensifies for Stimulus Package President Bush spoke with congressional leaders Thursday about an economic rescue package as Fed chief Ben Bernanke testified on Capitol Hill that it is "critically important" that a stimulus effort take effect quickly. Members of the House budget panel detail… Continue watching