Jul 05 Watch Political Checklist: Washington Fireworks in the Sky and in Congress Political Checklist: Washington Fireworks in the Sky and in Congress… Continue watching
Jun 30 Watch White House Chief of Staff Daley: U.S. Default ‘Will Not Happen’ Daley: U.S. Default 'Will Not Happen'… Continue watching
Jun 29 Watch Debt Battle Growing More Urgent, but GOP, Democrats Not Budging Yet At a White House news conference Wednesday, President Obama insisted that congressional leaders put everything on the table, including spending, benefits programs and tax increases, in order to reach a debt limit deal. Jeffrey Brown discusses ongoing negotiations with Sens. Continue watching
Jun 28 Watch Rioting, General Strike Leave Greece in Standstill Ahead of Austerity Vote The streets of Athens, Greece, were filled with fighting Tuesday over prospects of more spending cuts and tax increases. The violence marred a general strike as the Parliament considers new austerity measures intended to fend off a national default. Independent… Continue watching
Feb 23 The Pain in Spain: Hard Rain Gonna Fall? By Elizabeth Shell The specter of Euro-debt default is again roiling the markets. "Worries Over Europe Pose Risks for Euro," read a headline in Monday's Wall Street Journal. "Spain Pegs Cajas' Possible Problem Debt," warned another. (Cajas are the regional Spanish… Continue reading
Feb 08 Watch Cities, States Face Tough Choices on Debt Amid Cash-Flow Concerns Wall Street investors and some in Congress recently have raised concerns about the risk of cash-strapped municipalities defaulting on bonds they issued. Judy Woodruff talks to the National League of Cities' Chris Hoene and Richard Larkin of Herbert J. Sims… Continue watching
Feb 03 AIG and Credit Default Swaps: A Clarification By Elizabeth Shell Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and AIG had underwritten a large number of credit default swaps (that I understand pay up if a certain percentage of mortgages in a portfolio go into foreclosure), then… Continue reading
Apr 20 Watch ‘Strategic Defaulters’ Skip Mortgage Payments as Home Values Tumble As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them. Continue watching
Feb 09 Watch Debt Lands Greece in ‘New Age of Austerity’ With mounting debt putting Greece dangerously close to a sovereign default, the country is under increasing pressure from European Union nations to reign in spending. John Sparks of ITN reports. Continue watching
Nov 02 Watch Arrogance, Ignorance Recurring in Economic History Paul Solman speaks with economists Carmen Reinhart and Ken Rogoff about the financial crisis and how it compares to previous economic meltdowns. Continue watching