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Economy

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Aug 04

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Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge

On Thursday's NewsHour, Jeffrey Brown interviews New York City Mayor Michael Bloomberg about his new plan to tackle the disadvantages facing young black and Latino men in schooling and jobs. Brown also asked Bloomberg about Thursday's market sell-off…

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Aug 04

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Bloomberg: Americans Worry That U.S. Is Losing Competitive Edge

New York City Mayor Michael Bloomberg reacted to the latest market drop.

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Aug 04

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Market Plunge Startles Investors, But Fed ‘Out of Ammo’ Amid Double-Dip Fears

Wall Street finished its worst day since the financial crisis began in 2008 Thursday as the Dow Jones industrial average fell more than 500 points. Judy Woodruff discusses investors' concerns about a possible double-dip recession with Hugh Johnson of Hugh…

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Aug 04

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On Dow’s Worst Day Since 2008, Running for Cover

By Paul Solman

A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled me…

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Aug 03

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After Long Debt Battle, Is Current Version of U.S. Government Sustainable?

After many months of heated debate, Washington was finally able to compromise on a debt deal to avert a government default this week. Judy Woodruff discusses how the battle over the debt ceiling compares to other politically polarized times with…

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Aug 03

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Tepid Economy at Heart of Global Market Volatility

At a cabinet meeting on Wednesday, President Obama said the debt deal had averted "a massive blow" to the economy, but it wound up being another rocky day for global markets. Jeffrey Brown discusses the latest on the markets and…

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Aug 03

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With Debt Deal Done, Markets See Little to Rally About

By Paul Solman

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump. Photo…

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Aug 01

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Amid Debt-Ceiling Drama, Interest Rates Have Hardly Followed the Script

On Wall Street, stocks initially rallied Monday on the news of a debt-ceiling deal, but a weak report on manufacturing killed the surge. Economics correspondent Paul Solman reports on the financial world's reactions to the drama over a debt deal…

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Aug 01

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Default by Debt Ceiling? ‘Complete Nonsense’

By Paul Solman

// Editor's Note: On Monday's NewsHour Paul Solman reports from the trading floor of Natixis CIB Americas to see how the stock market was reacting to news of the debt-ceiling deal. Turns out the market is reacting…

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Jul 29

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How Will New Fuel Efficiency Rules Affect Consumers?

President Obama, flanked on stage by executives from the country's leading automakers, announced new fuel economy standards for cars and light trucks Friday that would double the current requirement to 54.5 miles per gallon (mpg) by 2025. The new rules…

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