Dec 04 Watch Auto Execs Make Bailout Case to Skeptical Lawmakers Executives of Detroit's Big Three auto companies appeared before the Senate Banking Committee Thursday to renew their much-debated request for billions in federal aid. Judy Woodruff reports on the hearing. Continue watching
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading
Dec 03 Watch Ford CEO Promises Shift to Smaller Cars, Greater Efficiency if Industry Survives By the week's end, lawmakers will review business plans submitted Tuesday by Detroit's Big Three. Ford CEO Alan Mulally explains his auto company's proposal to avoid bankruptcy. Continue watching
Dec 02 Big Three Automakers Submit Plans to Congress By PBS News Hour The three biggest U.S. automakers -- Ford Motor Co., General Motors Corp., and Chrysler LLC -- submitted plans to Congress on Tuesday, in hopes of getting a line of credit from the government to keep their companies in business. Continue reading
Nov 21 Watch David Brooks and Ruth Marcus Discuss Obama’s Cabinet Picks, Economy’s Woes David Brooks and Ruth Marcus weigh reports that President-elect Barack Obama plans to choose Sen. Hillary Clinton and Timothy Geithner, among others, for Cabinet posts and the search for solutions to the economic crisis. Continue watching
Nov 21 Watch Michigan Autoworkers Face Uncertain Future Prospects for extending a federal rescue package to Detroit's Big Three automakers remain unclear after a congressional effort stalled until December. Paul Solman speaks with autoworkers about how the crisis is affecting them. Continue watching
Nov 21 After Leaving Washington Empty-handed, Automakers Set to Craft Recovery Plan By PBS News Hour While the Big Three U.S. automakers' hopes of an immediate financial shot in the arm were dashed Thursday on Capitol Hill, they are expected to meet lawmakers' demands to craft a convincing plan for rebuilding their once-mighty industry by Dec. Continue reading
Nov 20 If There Isn’t a Bailout of the Big Three Auto Firms, What is the Overall Effect on the Government and on Our Economy? Question/Comment: If there isn’t a bailout of the Big Three auto firms, what is the overall effect on the government and on our economy? Paul Solman: Well, in a time of fearsome recession or worse, the loss of another quarter-million… Continue reading
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… Continue reading