In an interview with Jim Lehrer, Treasury Secretary Timothy Geithner details the administration's case for a sweeping overhaul of the financial regulation system and discusses the government's role in shaping an economic recovery.
Gwen Ifill speaks with a banking expert and an economist about what the administration's plans for reforming financial oversight mean for businesses and consumers alike.
President Barack Obama proposed a major overhaul of financial industry regulation Wednesday. White House adviser Christina Romer explains the administration's plans.
An excerpt on Frontline's upcoming report on Bank of America and the government's new role in the banking system, told from the perspective of CEO Ken Lewis and the financial reporters who covered the story.
Officials from the Treasury Department and Federal Reserve pressed Bank of America into purchasing Merrill Lynch last year, the bank's chief executive Ken Lewis told a House committee. Spencer Michels reports on the hearing.
In other news, Federal Reserve Chairman Ben Bernanke warned of the detrimental effects of long-term soaring deficits, and the Brazilian military found more wreckage from an Air France jetliner that disappeared over the Atlantic Ocean Sunday.
By Admin, PBS NewsHour
The U.S. economy shrank slightly less than initially estimated at a 5.7 percent pace at the start of 2009 as the recession lumbered into the new year, according to a government report released Friday that hinted the recession might be…
By PBS NewsHour
The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983.
By Admin, PBS NewsHour
The Obama administration's much-anticipated "stress-test" results found that 10 of the nation's 19 biggest banks need a total of about $75 billion in new capital to withstand losses if the recession worsens.
Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday that the economy should pull out of a recession and start growing again later this year. Financial analysts assess where the economy stands and how new job numbers may impact the picture.
Support Provided By: Learn more
Educate your inbox
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.