In other news Tuesday, the Federal Reserve kept interest rates low and gave an optimistic view of the economy and Honda launched a recall on several vehicle models because of brake problems.
Greece's financial woes are causing problems on its own shores, as public workers protested government cuts Wendesday. But the debt crisis is making waves abroad as well. Jeffrey Brown talks to Roben Farzhad with Bloomberg Business Week for more.
In other news Wednesday, faulty airbags pushed carmaker Honda to add 437,000 vehicles to its 15-month-old global recall, and Ben Bernanke outlined plans to unwind the Federal Reserve's crisis policies.
In other news, the Senate approved Ben Bernanke for a second term as chairman of the Federal Reserve. Senate Democrats also voted to boost the federal debt ceiling by nearly $2 trillion.
Under fire from lawmakers Wednesday, Treasury Secretary Timothy Geithner defended the bailout of insurance giant AIG as "in the best interests of the American people."…
In the latest installment in his series of reports making sense of financial news, Paul Solman explains how interest rates are set, with a little help from economic country musician Merle Hazard.
David Wessel of the Wall Street Journal explains how the Massachusetts election affected Fed Chief Ben Bernanke's chances at a second term.
In other news, the vacant Senate seat in Massachusetts was up for grabs on Tuesday, and in Afghanistan, two U.S. troops were killed by a roadside bomb in the south.
Jeffrey Brown speaks with Andrew Ross Sorkin of The New York Times and John Cassidy of The New Yorker about the fallout from the financial crisis, the big bailouts and Wall Street's mentality.
President Obama is facing major challenges in the next 48 hours, including opposition to climate change and health care reform legislation. White House senior adviser David Axelrod speaks with Jim Lehrer about those obstacles.
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