Jan 04 Bernanke: Weak Regulation to Blame for Housing Bubble In a speech to the annual gathering of the American Economic Association in Atlanta on Sunday, Fed Chairman Ben Bernanke defended the central bank from critics who have said low interest rates earlier this decade helped fuel the housing bubble… Continue reading
Jan 01 WSJ’s David Wessel on the Shape of the Economy in 2010 By Hari Sreenivasan _pap_embed_custom('news01s3803qd57',482,304,""); Wall Street Journal economics editor and Fed watcher David Wessel stopped by the Rundown to talk shop on different parts of the economy and what to expect in 2010. Recorded on New Year's Eve, so references to "next… Continue reading
Jan 01 Watch Economy May Hold Hopeful Signals for New Year In terms of the economy, it's good riddance to 2009. As for 2010, Ray Suarez speaks with a panel of experts about reasons for hopes and fears in the new year. Continue watching
Dec 30 U.S. Steers $3.8 Billion in Additional Aid Toward GMAC GMAC Financial Services has already received $12.5 billion in government aid. On Wednesday, the auto and home lending giant got another $3.8 billion. The new aid is less than the $5.6 billion that the troubled lender indicated it was… Continue reading
Dec 30 Watch Other News: Afghan Suicide Attack Kills At Least 8 Americans In other news, at least 8 Americans were killed by a suicide bombing in Afghanistan Wednesday, and hardline government supporters protested in Iran. Continue watching
Dec 29 States Plow Through Snow-Removal Budgets While it's been barely more than a week since the official start of winter, cash-strapped state and local governments have already plowed through all or most of their available snow-removal budgets, reports the Wall Street Journal. In Maryland,… Continue reading
Dec 29 Watch Other News: Death Toll Grows in Pakistan Bombing In other news, Pakistani authorities called for calm as the death toll from Monday's suicide bombing grew to 43, and an Afghan soldier reportedly shot and killed a U.S. soldier at a military base in western Afghanistan. Continue watching
Dec 28 Watch Looking Back at Wall Street’s Behavior in 2009 Jeffrey Brown speaks with Andrew Ross Sorkin of The New York Times and John Cassidy of The New Yorker about the fallout from the financial crisis, the big bailouts and Wall Street's mentality. Continue watching
Dec 25 Watch Billions in Pension Payments Loom for Struggling State Budgets In a weak economy, many states, cities and towns may be facing billions of dollars in pension liabilities that are currently underfunded. Spencer Michels reports from California on that state's pension challenge. Continue watching
Dec 22 Tuesday’s Headlines: Bankers Meet With Obama; Health Bill Inches Forward President Barack Obama will meet Tuesday with representatives of a dozen small and community banks at the White House in a follow-up to a similar meeting he held last week with some of the nation's top bankers. Continue reading