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Oct 02

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Questions Remain on Bailout Plan as House Prepares to Vote Anew

The Senate on Wednesday approved a financial rescue package that could cost up to $700 billion -- the largest government intervention in U.S. history. Analysts discuss whether the plan will be enough to fix the ailing economy.

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Sep 26

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Largest Bank Failure in U.S. History Preempts Any Bailout Plan

Another blow was dealt to the ailing American finance system as Washington Mutual Bank was seized overnight by the U.S. government. By morning its assets were sold off to JPMorgan Chase. Business reporters detail the sudden and drastic move.

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Sep 26

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House Lawmakers Divided Over Scope of Government Intervention

Congressional leaders are showing signs of fatigue and frustration over continuing negotiations. Reps. Barney Frank and Mike Pence discuss the progress towards a workable plan.

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Sep 25

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I’m wondering, why I should care about this credit crisis?

Question/Comment: I just listened to your explanation of the credit crisis on the NewsHour. I’m wondering why I should care. I am a renter, have no savings to speak of, no stocks and work for a small family business with…

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Sep 17

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Government Decides to Offer $85B Lifeline to AIG

Insurer American International Group, Inc. faced possible collapse until the federal government decided to offer it an $85 billion lifeline Wednesday. After a look at the latest troubles on Wall Street, financial reporters detail the government bailout.

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Sep 08

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Questions Remain After Fannie Mae, Freddie Mac Takeover

Most U.S. stocks rose following the federal government takeover of mortgage giants Fannie Mae and Freddie Mac, but questions lingered over the impact on the housing market and the credit crisis. Business reporters and analysts mull the implications of the…

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Mar 31

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Broad New Oversights Pitched for Ailing Financial Systems

In the wake of the subprime mortgage crash and the bailout of a prominent U.S. investment firm, Treasury Secretary Henry Paulson on Monday outlined an administration proposal for increasing the regulation of financial institutions and markets. A Treasury official and…

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Jan 25

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Paul Solman Walks Through Wall Street’s Wild Week

Wall Street and global financial markets took a dive this week, fueled largely by concerns over a slowing U.S. economy. Economics correspondent Paul Solman explains the wild week on Wall Street, and explores the larger causes behind the turmoil.

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Oct 12

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Bangladesh Financial Pioneer Awarded Nobel Peace Prize

By PBS News Hour

Bangladeshi banker Muhammad Yunus and the bank he founded won the Nobel Peace Prize on Friday for their use of micro-credit loans to alleviate poverty in his home country.

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