Mar 25 Democrats Plan to Cut Billions From Obama’s Budget Request By Admin, PBS News Hour In budget blueprints they plan to formally release Wednesday, House and Senate Democrats said they plan to cut billions from President Obama's spending request while preserving some of his most significant domestic programs. Continue reading
Mar 25 Can the Dow Fall Into Negative Numbers? By Business Desk Question: My high school daughter asked me a question I can’t answer. Can the Dow fall to zero or into negative numbers? Paul Solman: Ah, at last. A question I can definitively answer: ABSOLUTELY… Continue reading
Mar 24 Watch Calls Intensify for Expanded Financial Regulation Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress Tuesday on the flap over AIG bonuses and called for increased regulatory powers. Analysts assess the real-world impacts of strengthening financial regulation. Continue watching
Mar 24 Watch Geithner and Bernanke Testify on AIG, Regulation Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress on the administration's handling of executive compensation for companies receiving federal loans and asked for expanded federal regulatory powers. Jeffrey Brown reports. Continue watching
Mar 23 Watch Glut of Foreclosed Homes Encourages Scams, Desperation With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in… Continue watching
Mar 23 Watch Toxic Asset Plan May Woo Investors, but Long-term Impact Is Unclear While markets rose Monday on details of the toxic asset plan, critics voiced concern over taxpayer risk and the need for a long-term fix to financial sector troubles. New York Times columnist Paul Krugman and Donald Marron of Lightyear Capital… Continue watching
Mar 23 Watch Other News: Home Sales Rise, Mexico Drug War Escalates In the day's other news, reports showing increased home sales helped fuel a rally on Wall Street and the Mexican government announced it will offer $2 million each for the arrest of 24 top drug lords in its latest effort… Continue watching
Mar 23 Watch Obama Team Launches New Plan to Buy Bad Assets From Banks White House economic adviser Lawrence Summers details the Treasury Department's plan to clear "toxic" assets from banks through a combination of public and private investment. Continue watching
Mar 20 Watch AIG Bonus Outrage, Deficit Complicate Obama Agenda With Washington still railing against more than $160 million of bonuses at insurance giant AIG, Mark Shields and Byron York consider the impact of the furor and the new estimates of the growing federal deficit on President Obama's agenda. Continue watching
Mar 20 Watch Other News: Wall Street Ends Second Week of Gains In other news, Wall Street closed its second straight week of gains and President Obama reached out to Iranians through a taped video message encouraging public engagement and dialogue. Continue watching