Sep 28 Watch Consumer Confidence Is Higher Than Before Despite Mixed Economic Numbers Consumer Confidence Is Higher Than Before Despite Mixed Economic Numbers… Continue watching
Apr 30 Watch News Wrap: Goldman Sachs Faces Criminal Probe In other news Friday, the federal government began a criminal probe into financial firm Goldman Sachs, following the civil charges launched by the Securities and Exchange Commission. The government also reported that consumer spending helped lift the economy last quarter,… Continue watching
Feb 01 Watch News Wrap: Suicide Blast Kills at Least 54 in Iraq In other news Monday, a suicide bombing in Baghdad killed at least 54 Iraqis, and the Justice Department moved forward on an investigation involving the Blackwater security firm. Continue watching
Oct 30 Watch News Wrap: Stocks Slide on Weak Consumer Spending In other news, stocks dropped on Friday on news of weak consumer spending, and the White House said it was unhappy with the output of swine flu vaccine. Continue watching
Sep 15 Watch Obama Touts Economic Policies in Health Care Push 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… Continue watching
Aug 28 Consumer Spending Rises Slightly, But Confidence Falls Again As the nation looks for more signs of economic recovery, there were mixed signals on Friday as reports showed consumer spending rose slightly last month thanks in part to an increase in auto sales but incomes remained flat. Continue reading
Jun 26 Amid Recession, U.S. Savings Rate Hits Highest Mark Since 1993 By PBS News Hour As the longest recession since World War II drags on, Americans are responding by shying away from spending, opting instead to save money at the fastest pace in 15 years, a new report shows. Continue reading
Jun 11 Retail Sales Up for First Time in Three Months By PBS News Hour Fewer Americans filed claims for unemployment benefits last week and retail sales grew in May for the first time in three months, raising expectations that the recession could be abating. Continue reading
May 29 U.S. Economy Shrank 5.7% at Start of Year By Admin, PBS News Hour 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… Continue reading
Mar 10 Is It Realistic for the President to Cut the Deficit in Half? By Business Desk Question: Is it realistic for the president to cut the deficit in half in four years, even while spending on the war [in Iraq] and moving [troops] to Afghanistan? Paul Solman: The skepticism seems clear and well-taken. The most important… Continue reading