Jan 09 Watch Report Faults Lax Oversight of Treasury's Bailout Funds A congressional panel has criticized the Treasury Department's oversight of the $700 billion financial industry bailout. The panel's report says the rescue funds have failed to alleviate the foreclosure crisis and the department has not kept a thorough record of… Continue watching
Jan 09 Unemployment Rate Hits Highest Point in 16 Years By Admin, PBS News Hour A day after President-elect Barack Obama warned that the recession could "linger for years" unless Congress pumps money into the economy, a government report released Friday underscored the toll the downturn is having on workers and companies. Continue reading
Jan 08 Watch New President's Economic Plan Faces Numerous Congressional Hurdles President-elect Barack Obama's economic recovery plan may face significant resistance in Congress. Analysts discuss the hurdles the Obama proposal will likely encounter as he pushes his agenda on Capitol Hill. Continue watching
Jan 08 Watch Pelosi: Congress Must Move Quickly on Stimulus Package In response to President-elect Barack Obama's economy speech, House Speaker Nancy Pelosi outlined her concerns about getting an economic stimulus plan through the 111th Congress. Continue watching
Jan 07 Watch Federal Budget Deficit Projected to Skyrocket in 2009 New Congressional Budget Office figures released Wednesday predict the federal budget deficit will hit $1.2 trillion in 2009. Analysts mull what the numbers mean. Continue watching
Jan 07 Deficit Projected to Soar to $1.2 Trillion By Admin, PBS News Hour The federal budget deficit will hit an unprecedented $1.2 trillion for the 2009 budget year, new Congressional Budget Office figures show. Continue reading
Jan 06 Watch New Congress Faces Economy, Foreign Policy Challenges On the opening day of the 111th Congress, a newly expanded Democratic majority was sworn in and President-elect Barack Obama sought support for a stimulus package. Former lawmakers discuss the challenges ahead. Continue watching
Jan 05 Watch Congress Asks Regulators for Answers in Madoff Scandal Congress questioned federal regulators during a hearing Monday about why so many warning signs surrounding the business dealings of Wall Street investor Bernard Madoff went unnoticed. New York Times reporter Alex Berenson details the latest developments. Continue watching
Jan 05 Watch Obama Works on Stimulus Plan, Reportedly Picks Panetta for CIA Chief President-elect Barack Obama met with party leaders on Capitol Hill Monday to discuss an economic stimulus package. Reports also emerged that he selected former White House chief of staff Leon Panetta to lead the CIA. Journalists discuss the latest news. Continue watching
Jan 02 Watch Roland Burris Defends Appointment to Senate by Embattled Blagojevich Embattled Illinois Gov. Rod Blagojevich's pick for Barack Obama's vacant Senate seat, Roland Burris, plans to take office next week despite objections from Senate leaders. Burris discusses the controversy surrounding his appointment with Ray Suarez. Continue watching