Feb 26 Watch President Plans Major Overhaul of Tax, Spending Systems President Obama's budget plan outlines large-scale changes in tax policy, calling for $318 billion of tax increases over the next 10 years for the wealthiest individuals and families combined with tax cuts for the middle class. Analysts discuss the impact… 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 Obama's Budget Proposal Projects $1.75 Trillion Deficit By Admin, PBS News Hour President Obama outlined his first budget plan to Congress with a $1.75 trillion deficit that includes the recently passed stimulus bill, the costs of the wars in Iraq and Afghanistan, funding for health care reforms and other spending. Continue reading
Feb 25 Watch Pakistani Envoy Details Efforts to Stabilize Tribal Areas Pakistani Foreign Minister Mahmood Qureshi joined Secretary of State Hillary Clinton and top Afghan officials this week in Washington for security talks, saying he is open to working closely with the U.S. to fight terror and extremism. Qureshi explains his… Continue watching
Feb 25 Watch Nation's Reaction to Obama's Congress Speech Gauged President Obama's address to the joint session of Congress and the nation blended confidence that the country will weather the recession with warnings of a tough road ahead. Newspaper editors from across the nation assess the public reaction. Continue watching
Feb 25 Watch Other News: House Approves Spending Bill In Wednesday's other news, the House approved a $400 billion spending bill for the current fiscal year and Homeland Security Secretary Janet Napolitano said the government will miss a 2012 deadline for screening freight for radiological and nuclear material. Continue watching
Feb 25 Watch Obama Administration Moves Quickly on Economy Following Tuesday's Speech President Obama announced his third nominee Wednesday for Commerce Secretary, Gary Locke, and met with Treasury Secretary Tim Geithner and Congressional leaders to discuss stronger federal regulations. Continue watching
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 India Charges Suspect in Mumbai Attacks By PBS News Hour Indian investigators have charged a man they say is the lone surviving gunman in last year's Mumbai attacks with "waging war" against the country, among other charges that could lead to the death penalty. Continue reading