Mar 10 Watch Markets Rally, Bernanke Presses for Revamped Rules Jeffrey Brown reports the economic news of the day, including the stock market's surge and Federal Reserve Chairman Ben Bernanke's speech on tightening federal financial regulations. Continue watching
Mar 02 Government Expands AIG Rescue, Stocks Slump By PBS News Hour The federal government said Monday that it would give floundering insurer American International Group access to an additional $30 billion in U.S. taxpayer money as part of a newly revamped rescue plan. Continue reading
Feb 27 Watch Government to Take Larger Ownership Stake in Struggling Citigroup The Treasury Department and Citigroup announced a new plan Friday in which the government will take ownership in a larger portion of the company's stock. Washington Post reporter Binaymin Applebaum explains the move. Continue watching
Feb 23 Watch Regulators Signal New Moves for Shoring Up Banks Federal regulators vowed Monday to assist struggling banks by increasing the government's ownership stakes while an Obama spokesman said the president supports a private banking system. A financial reporter discusses the deepening crisis amid large market losses. Continue watching
Feb 23 Regulators Move to Revamp Program to Boost Troubled Banks By PBS News Hour Federal regulators said Monday they are prepared to launch a revamped program to bolster troubled U.S. banks, including the option of increasing government ownership in financial institutions. Continue reading
Jan 16 Bank of America Posts Big Losses, Citigroup Splits in Two By PBS News Hour Bank of America posted its first quarterly loss in 17 years and received a boost from the government while Citigroup reported a fourth-quarter loss of $8.29 billion and decided to split up its businesses in a new round of gloomy… Continue reading
Jan 14 Retail Sales Sag 2.7% in December; Stocks Drop By PBS News Hour Retail sales dropped more than expected in December -- a sixth straight monthly slide -- as consumers took heed of an economy pummeled by a recession, credit squeeze and continuing job losses. Continue reading
Nov 24 Watch Citigroup Averts Collapse With Government Rescue Plan In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank's high-risk assets. A New York Times… Continue watching
Nov 24 Citigroup Offered Another Government Safety Net By PBS News Hour The U.S. government has again bailed out Citigroup, unveiling a bold plan Sunday night to inject $20 billion in fresh capital into the troubled financial giant and shoulder most of the potential losses on $306 billion of high-risk assets. Continue reading
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading