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
Mar 19 Q&A: The Path of Stimulus Funds to Local Projects By Admin, PBS News Hour Grover "Russ" Whitehurst is a Brookings Institute Senior Fellow and a former official with the U.S. Department of Education. In this Q&A, he explains how the stimulus funds will make their way to local projects, particularly for school programs. Continue reading
Mar 19 Concerns Emerge on Prevention of Stimulus Fraud By Admin, PBS News Hour Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending. Continue reading
Mar 18 Obama Holds Town Hall in Costa Mesa, Calif. By Admin, PBS News Hour President Barack Obama held a town hall meeting in Costa Mesa, Calif., Wednesday, where he spoke about the AIG controversy, his plan for the budget and economic recovery plans. Continue reading
Mar 18 Watch Fed to Pump Another $1 Trillion Into Economy The Federal Reserve announced Wednesday that it will devote another $1.2 trillion to unfreeze credit markets and help stimulate the sluggish economy. Greg Ip of The Economist provides details on the move. Continue watching
Mar 18 Watch Outcry Over AIG May Pose Challenge to Obama’s Agenda President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact. Continue watching
Mar 17 Watch McKiernan Outlines Challenges to Military Mission in Afghanistan U.S. and NATO commander Gen. David McKiernan speaks to Margaret Warner in Afghanistan about the status of military operations in the country and new efforts to shore up the region's security. Continue watching
Mar 17 Watch Other News: New Home Construction Surges in Jan.; Caterpillar Plans Layoffs Construction of new homes and apartments surged more than 22 percent in January, and the Caterpillar company plans to lay off more than 2,400 employees across five factories. Continue watching
Mar 17 Watch Calls Intensify on Capitol Hill to Recover AIG Bonuses Lawmaker anger continued Tuesday over AIG's bonus payments, with some calling for recovery of the funds. Business writers weigh varying views on the bonus debate. Continue watching
Mar 17 Government Furor Continues Over AIG Bonuses By PBS News Hour As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company. Continue reading