Oct 07 Watch News Wrap: Supreme Court Considers Giant Cross in Mojave Desert In other news, the Supreme Court took up the separation of church and state in a case involving public lands in California, and two Americans and an Israeli received the Nobel Prize in chemistry. Continue watching
Sep 03 Can the Economy Truly Recover With So Many States in the Red? Question: We keep hearing phrases such as “when the recession/depression is over,” but none of the analysis (that I’ve read or heard, anyway) addresses the relationship of the current and impending government insolvencies. Surely our economy can’t recover while… Continue reading
Aug 25 Watch As Bernanke Tapped for a Second Term, U.S. Deficits Appear Likely to Soar Judy Woodruff speaks with journalists about federal deficit projections and President Obama's nomination of Federal Reserve chief Ben Bernanke for a second term. Continue watching
Jul 28 Watch At Forum, Fed Chairman Calls for Patience on Stimulus In part two of Jim LehrerÆs conversation with Ben Bernanke, the Federal Reserve chief discusses the state of the Obama administrationÆs economic recovery efforts, and the central bank's efforts to help homeowners facing foreclosure. Continue watching
Jul 28 Watch Other News: Sotomayor Nomination Heads to Full Senate In other news, the Senate Judiciary Committee voted 13-6 to recommend Supreme Court nominee Sonia Sotomayor as the first Hispanic justice, and consumer confidence fell for a second straight month. Continue watching
Jul 21 Watch Calif. Strikes Deal to Close $26 Billion Budget Gap Lawmakers in California on Tuesday agreed on a plan to close a $26 billion budget gap, ending weeks of stalemate that left the state's chief accountant having to issue IOUs to creditors. Ray Suarez reports. Continue watching
Jul 17 Watch Obama Calls for Action on Health Care Amid Cost Concerns Saying "now we've got to get over the finish line," President Barack Obama renewed his call Friday to lawmakers to hammer out health care reform legislation. Betty Ann Bowser recaps the week's developments, including new concerns on the plan's costs. Continue watching
Jun 26 Watch In Hartford, Stimulus Funds for Schools Leveraged for State Budget Crunch John Tulenko of Learning Matters reports on how one school district in Connecticut is weathering the recession, and how the state is using stimulus funds to close budget deficits rather than increase education spending. Continue watching
Jun 25 Watch California Lawmakers Struggle With $24B Budget Gap Spencer Michels reports on California's struggles to address a $24 billion shortfall in the state budget, which lawmakers say puts the state in danger of running out of money. Continue watching
Jun 25 Will the Actions of the Fed and Treasury Keep Asset Prices Artificially High? Question: It seems to me like the Fed and the Treasury are trying very hard to keep asset prices high. The Fed has vastly increased the money supply, partly by lowering interest rates to zero, and partially through quantitative easing. Continue reading