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By Carolyn O'Hara
Testifying before lawmakers Thursday, Ben Bernanke reiterated a call for the Fed to be given supervisory powers over institutions that pose a systemic risk to the financial system, and proposed that a council of regulators help monitor risk.
In other news, markets fell on a rise in claims for unemployment benefits and drops in auto sales and factory activity, and a key Senate committee neared the end of its work on health care reform.
A year after the U.S. government came to the rescue of insurance giant American International Group (AIG), the company has a new CEO and its share price is up. Yet the company's future remains uncertain.
In other news, the House of Representatives formally reprimanded Rep. Joe Wilson, R-S.C., for his "You lie" outburst during President Obama's address to a joint session of Congress last week, and the White House unveiled new fuel economy standards for…
President Obama traveled to Pennsylvania and Ohio on Tuesday to tout his administration's economic policies. Separately, Federal Reserve Chairman Ben Bernanke said the recession is "likely over," but that a drop in the jobless rate is in all likelihood still…
On the one year anniversary of the collapse of Lehman Brothers, Jeffrey Brown talks to economists and experts about what has been learned and the future of financial reform.
Lehman Brothers survived the Civil War, the Great Depression, two World Wars, and the attacks of 9/11, yet under the leadership of Richard Fuld the investment bank went from storied Wall Street firm to catalyst of last year's economic crisis.
By Business Desk
Question: Chairman Bernanke mentioned in the News Hour forum back in July that the key trigger to Depression 1.0 was the failure of a large central European bank. With Austrian and other banks in deep distress (I believe Austrian banks…
Ending speculation that he might appoint a new central bank chief, President Obama said he would nominate Fed Chairman Ben Bernanke for a second term Tuesday as the administration continues its efforts to stabilize the embattled U.S. economy.
Judy Woodruff speaks with journalists about federal deficit projections and President Obama's nomination of Federal Reserve chief Ben Bernanke for a second term.
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