Economists discuss Treasury Secretary Henry Paulson's announcement Wednesday that the government will shift its focus from buying troubled assets to shoring up institutions that manage credit cards, auto loans and other types of borrowing.
Wall Street has endured its worst month in 21 years yet its best week in 34 years. The markets continue to remain unsettled on news of consumer spending cutbacks and investors' fears. The Wall Street Journal's economics editor analyzes the…
In a new move to stem the impact of the financial crisis, the Federal Reserve cut the federal funds rate by half a percentage point to 1 percent Wednesday. Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses…
Several plans have been enacted in recent weeks to loosen the flow of credit and ease the financial crisis. An expert panel evaluates the efforts and the state of the credit sector.
Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of…
The markets have endured a wild ride in recent weeks, increasing anxieties over the solvency of retirement savings accounts. The director of the Congressional Budget Office discusses how the financial crisis may impact retirement accounts.
The U.S. economy faced fresh troubles Friday as President Bush signed a $700 billion bailout bill. Analysts weigh the economic picture and Paul Solman recaps week's events.
Members of the House approved a modified federal rescue plan Friday, moved by the Senate's support and mounting concerns over the stability of the U.S. financial sector. Kwame Holman reports on the bill's passage.
Question/Comment: I just listened to your explanation of the credit crisis on the NewsHour. I’m wondering why I should care. I am a renter, have no savings to speak of, no stocks and work for a small family business with…
Sens. John McCain suggested delaying Friday's presidential debate amid concerns over the nation's financial crisis as lawmakers sought to reach a compromise on a $700 billion government bailout plan. Kwame Holman reports on the latest news from the campaign trail…
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