Politics

Obama Pledges to Halve Deficit, Asks Governors to Spend Stimulus Responsibly

President Obama pledged today to halve the $1.3 trillion deficit by the end of his first term and spoke to Governors at a summit, urging them to use the federal stimulus money responsibly in their states. Kwame Holman reports.

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Obama Strives for Long-term Fiscal Fix at Summit

By Admin, PBS News Hour

President Barack Obama took a step toward cutting the nation's budget deficit at a White House summit, a difficult task facing the new president a week after he signed a $787 billion stimulus bill.

Keynes' Economic Theories Re-emerge in Government Intervention Policies

By Admin, PBS News Hour

Amid a flurry of activity by the Obama administration to help lift the economy out of recession, the ideas of the late renowned British economist John Maynard Keynes on the government's role in helping ease an economic crisis are in…

Regulators Move to Revamp Program to Boost Troubled Banks

By PBS News Hour

Federal regulators said Monday they are prepared to launch a revamped program to bolster troubled U.S. banks, including the option of increasing government ownership in financial institutions.

Shields and Brooks Mull Economic Woes, Obama's Plans

Columnists Mark Shields and David Brooks discuss the week's news, including reaction to President Barack Obama's economic recovery efforts and what role the government should take in easing the financial crisis.

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Investigators Probe Fraud Allegations Against Financier

Billionaire financier Allen Stanford is accused of swindling investors out of billions. Wall Street Journal reporter Glenn Simpson gives an update.

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Clinton to Focus on Climate, Security in China

By Admin, PBS News Hour

Secretary of State Hillary Clinton said Friday that the long-standing debate over human rights in China shouldn't get in the way of trying to reach consensus over the global economic crisis, climate change and security matters.

Netanyahu to Form Israel's Next Government

By Admin, PBS News Hour

Benjamin Netanyahu, leader of the right-wing Likud party, on Friday accepted a mandate to form Israel's next government after recent parliamentary elections left the country in a political deadlock.

Economy Tops Agenda as Obama Visits Canada

President Barack Obama attended talks on the economy, trade and the environment during his trip to Canada Thursday. Kwame Holman reports.

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Amid Calls for Ouster, Burris Proclaims Innocence

By Admin, PBS News Hour

Illinois Sen. Roland Burris pleaded with his state's residents, politicians and media to "stop the rush to judgment" Wednesday as calls for his ouster grew over new details about his contacts with deposed Gov. Rod Blagojevich.