Feb 06 Senate Closes In on Deal for Stimulus Plan By Admin, PBS News Hour The Democratic-led U.S. Senate appeared to strike a deal Friday evening with key Republicans on a long-debated stimulus package to stem a deepening recession, news agencies report. Continue reading
Feb 06 Watch Shields and Brooks Mull Stimulus Debate, Obama's Next Policy Steps Columnists Mark Shields and David Brooks discuss the tough debate on Capitol Hill over the stimulus bill, the tax trouble that ended Tom Daschle's Cabinet nomination and how President Obama is faring so far. Continue watching
Feb 06 Watch Good Bank vs. Bad Bank: Segregating Toxic Assets Might Help U.S. Economy Rebound Business correspondent Paul Solman explores the problem of banks holding toxic assets and explains how the Swedes successfully emerged from a similar economic crisis by splitting banks into "good" and "bad" categories. Continue watching
Feb 06 Watch In Other News, Stocks Rise on Wall Street, Calif. Budget Crisis Deepens Despite a dismal jobs report, the market rose as the Senate began debating the economic stimulus bill. California closed most of its government offices today due to its worsening budget shortfalls, forcing more than 200,000 state workers to stay home… Continue watching
Feb 06 Watch Axelrod Reflects on Struggles Over Stimulus, Troubled Cabinet Bids White House Senior Adviser David Axelrod discusses President Barack Obama's stance in the struggle to pass a stimulus bill and reflects on errors made in how the Obama team has handled some of the nominations to top administration positions. Continue watching
Feb 06 Watch Gloomy Job Numbers Signal New Woes for Economy U.S. employers cut 598,000 jobs in January, bringing the unemployment rate to 7.6 percent, in another sign of the deepening recession. It was the worst one-month job loss since 1974. Continue watching
Feb 06 Employers Slash 598,000 Jobs in January By Admin, PBS News Hour U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession. Continue reading
Feb 05 Watch Other News: Jobless Claims Rise; Ginsburg Hospitalized Jobless claims rose and Supreme Court Justice Ruth Bader Ginsburg underwent surgery after a diagnosis of pancreatic cancer. Jim Lehrer reports on these and other news developments of the day. Continue watching
Feb 05 Watch Lawmakers Wrangle Over Costs of Stimulus Package Senate Democrats pushed for more votes on an economic stimulus bill Thursday amid efforts to trim the plan's costs. Office of Management and Budget Director Peter Orszag and Sen. Arlen Specter, R-Pa., offer their views. Continue watching
Feb 05 Negotiations Continue on Senate Stimulus Plan By Admin, PBS News Hour President Barack Obama urged lawmakers to act quickly on his economic stimulus package Thursday, telling reporters that the time for talk on the proposal is over and "the time for action is now."… Continue reading