Feb 25 Watch Obama Administration Moves Quickly on Economy Following Tuesday's Speech President Obama announced his third nominee Wednesday for Commerce Secretary, Gary Locke, and met with Treasury Secretary Tim Geithner and Congressional leaders to discuss stronger federal regulations. Continue watching
Feb 25 What Would Be the Energy Cost of Electric Cars? By Business Desk Question/Comment: Paul, I am wondering about the new restrictions that are being forced on the car manufacturers for bio-fuel/electric/ethanol cars. Why isn’t there any mention about the cost of producing the electricity for the car batteries and ethanol? In the… Continue reading
Feb 25 Wall Street Teeters, Obama Presses Economic Plan By Admin, PBS News Hour Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system. Continue reading
Feb 25 Are We Overreacting to Unemployment Numbers? Question/Comment: In the early ’80’s unemployment was over 10 percent. I’m old enough to remember what the economy was like at that time. It wasn’t pretty given interest rates, but on the other hand we weren’t considering massive government funding… Continue reading
Feb 24 Watch Jindal Delivers GOP Response to Obama's Speech Louisiana Gov. Bobby Jindal delivered the Republican response to President Barack Obama's speech to a joint session of Congress Tuesday. Following is the text of Jindal's remarks, as prepared for delivery and released by the Republican National Committee. Continue watching
Feb 24 Watch Obama Keeps Focus on Economy in Speech to Congress President Barack Obama addressed a joint session of Congress and the nation in a prime-time speech Tuesday. Following is the text of his remarks, as prepared for delivery and released by the White House. Continue watching
Feb 24 Watch As Banking Woes Grow, Debate Over Nationalization Intensifies As turmoil continues in the U.S. banking industry, speculation is intensifying over whether the government should take larger ownership stakes in banks. Columnist Paul Krugman and former FDIC chief William Isaac weigh the pros and cons. Continue watching
Feb 24 Watch Polls Signal Support for Obama, Concerns on Economy New polls reveal continued public approval of President Barack Obama and a range of concerns on the economy. Two political reporters discuss what the public is thinking -- and why -- one month into the Obama presidency. Continue watching
Feb 24 Watch Obama Addresses Nation Amid More Grim Economic News President Barack Obama addresses Congress and the nation Tuesday amid new testimony from Federal Reserve Chairman Ben Bernanke on the scope of the recession. Kwame Holman reports. Continue watching
Feb 24 Is There a Connection Between Reducing Taxes and Creating Jobs? By Business Desk Question/Comment: Simple question. President Obama and all members of Congress say the “stimulus bill must contain only monies targeted directly for job creation”. Given that the stimulus bill now has 60 percent allocated for tax reductions, please explain the direct… Continue reading