Mar 26 U.S. Economic Downturn Worsened at End of 2008 By Admin, PBS News Hour The U.S. economy contracted at its fastest pace since 1982 at the end of last year, and it likely isn't faring much better now, according to a Commerce Department report released Thursday. Continue reading
Mar 25 Watch Australian Prime Minister Rudd Discusses Global Economy, War in Afghanistan Australian Prime Minister Kevin Rudd met with President Obama and Secretary of State Hillary Clinton this week to discuss the global economic crisis and military strategy in Afghanistan. Rudd offers his take on these issues in an interview with Jim… Continue watching
Mar 25 Watch Obama Makes Case for Budget, Congress Considers Cuts Congressional Democrats outlined plans Wednesday to scale back the Obama administration's budget plan as the president visited Capitol Hill to drum up support. Reporters examine the politics at play. Continue watching
Mar 25 Why Use 100 Days to Evaluate a New President? By Admin, PBS News Hour From rescuing the U.S. from a deepening recession to re-examining U.S. strategy in Iraq and Afghanistan, President Barack Obama has set a busy agenda -- earning praise from some and questions from others on its ambitious scope. Continue reading
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