Mar 24 Geithner, Bernanke Testify Amid Bid to Calm Furor Over AIG By Admin, PBS News Hour In an essay published Tuesday and Capitol Hill appearances, President Barack Obama and Treasury Secretary Timothy Geithner worked to cool anger over the bonuses paid to executives at rescued insurance giant American International Group. Continue reading
Mar 23 Watch Toxic Asset Plan May Woo Investors, but Long-term Impact Is Unclear While markets rose Monday on details of the toxic asset plan, critics voiced concern over taxpayer risk and the need for a long-term fix to financial sector troubles. New York Times columnist Paul Krugman and Donald Marron of Lightyear Capital… Continue watching
Mar 23 Watch Obama Team Launches New Plan to Buy Bad Assets From Banks White House economic adviser Lawrence Summers details the Treasury Department's plan to clear "toxic" assets from banks through a combination of public and private investment. Continue watching
Mar 20 Watch AIG Bonus Outrage, Deficit Complicate Obama Agenda With Washington still railing against more than $160 million of bonuses at insurance giant AIG, Mark Shields and Byron York consider the impact of the furor and the new estimates of the growing federal deficit on President Obama's agenda. Continue watching
Mar 20 Watch Students Voice Economic Woes, Catch Obama's Attention High school students in Pomona, Calif., articulated the struggles of millions of Americans by making a video called, "Is Anybody Listening?" about the economic hardships they have faced. KCET's "SoCal Connected" examines their story, which ends with a visit by… Continue watching
Mar 20 Watch Other News: Wall Street Ends Second Week of Gains In other news, Wall Street closed its second straight week of gains and President Obama reached out to Iranians through a taped video message encouraging public engagement and dialogue. Continue watching
Mar 20 Watch Federal Deficit Projected to Hit $1.8 Trillion New figures released Friday by the Congressional Budget Office predict the federal budget deficit will hit $1.8 trillion in 2009, billions of dollars more than previous estimates several weeks ago. Kwame Holman reports. Continue watching
Mar 20 Bleak Deficit Numbers Projected Under Obama's Budget Plan By Admin, PBS News Hour The Congressional Budget Office released figures Friday forecasting that President Barack Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019 and that the deficit for this fiscal year will rise to a record $1.8 trillion. Continue reading
Mar 19 Watch Karzai: Additional U.S. Troops 'Seven Years Too Late' In an interview with Margaret Warner, Afghan President Hamid Karzai welcomed additional U.S. troops, but said they were "seven years too late." He also endorsed reaching out to members of the Taliban who embraced the Afghan constitution. Continue watching
Mar 19 Watch Anger at AIG Continues as House Passes Tax on Bonuses The House voted Thursday to impose a 90 percent tax on some bonuses at AIG and other bailout-funded companies. Editorial writers describe reaction to the controversy across the country. Continue watching