Nov 12 Paulson Says Bailout Funds May Not Be Used to Buy Troubled Assets By PBS News Hour Treasury Secretary Henry Paulson announced a major shift in the government's bailout program Wednesday, saying the $700 billion rescue package will not be used to purchase troubled assets as originally planned. Continue reading
Dec 06 Watch Economic Experts Weigh Bush's Mortgage Rate Freeze Plan, Housing Crisis President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon that he hopes would slow the rate of home foreclosures. Economic analysts assess the value of the proposal… Continue watching
Nov 23 Watch Holiday Shopping Brings Economic Concerns into Focus The Friday after Thanksgiving kicked off what most consider to be the beginning of the holiday shopping season, with retailers hoping for a robust consumer turnout. Financial analysts discuss how consumers' concerns over the housing slump and falling dollar may… Continue watching
Apr 19 Watch Government Estimates $290 Billion in Missing Tax Revenue The government continues to grapple with an estimated $290 billion gap between the amount of tax revenue it is supposed to receive and what it actually collects. Tax experts explain why the gap exists and what should be done to… Continue watching