The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees.
By Carolyn O'Hara
President Barack Obama unveiled plans Wednesday to shift government bailout efforts from Wall Street's banks to Main Street's small businesses by increasing lending and access to credit.
Bank of America reported Friday that it lost more than $2.2 billion in the third quarter, largely due to loan defaults and credit card delinquencies.
By Carolyn O'Hara
Ryan Lizza, Washington correspondent for The New Yorker magazine, has penned a new account of how the main players on the White House economic team negotiate their different backgrounds and priorities in crafting high-stakes economic policies.
Editor’s note: In anticipation of the G-20 summit that begins today in Pittsburgh, Paul’s segment last night took a look at how the world’s economies are faring a year into the financial crisis. Along the way, he gets some global…
As the leaders of the G-20 meet in Pittsburgh to discuss how to overhaul the global financial system, countries are calling for a wide spectrum of reforms. But a dramatic overhaul of how the global economy is run may be…
By Online DA
The financial crisis barreled through industrialized and developing nations, bruising once vital economies, and thrusting unhealthy ones further into decline. With G-20 leaders in Pittsburgh this week, here is a look at where their economies stand.
A year after the U.S. government came to the rescue of insurance giant American International Group (AIG), the company has a new CEO and its share price is up. Yet the company's future remains uncertain.
Editor’s note: Last night on the NewsHour, Paul filed a compelling report on the fall of Lehman Brothers one year after the firm’s descent into bankruptcy. He traces Lehman’s fall from storied Wall Street investment bank to catalyst for the…
Editor’s note: All this week on the Business Desk, we’ll be featuring contributions from economists, financial journalists, and other experts on the origins and impact of the financial crisis. We asked several experts to weigh in on the single…
Support Provided By: Learn more