Sep 25 Lawmakers Work to Hammer Out Deal on Financial Bailout By Admin, PBS News Hour Lawmakers reported making progress Thursday on reaching an agreement on a sweeping financial bailout plan, which has stirred days of debate over how to better safeguard taxpayers as Wall Street continues its tailspin. Continue reading
Sep 25 I’m wondering, why I should care about this credit crisis? Question/Comment: I just listened to your explanation of the credit crisis on the NewsHour. I’m wondering why I should care. I am a renter, have no savings to speak of, no stocks and work for a small family business with… Continue reading
Sep 24 President Calls for Sweeping Government Intervention in U.S. Economy By Admin, PBS News Hour Warning "our entire economy is in danger", President Bush made a somber address to the nation Wednesday, outlining the need for a sweeping government intervention in the nation's financial system in order to prevent widespread collapse. Continue reading
Sep 24 With all of the trouble on Wall Street, is it the end of the world as we know it? By Business Desk Paul Solman: As Lehman was melting down on Sept. 14, I wrote the following “answer,” which remains my best effort to explain what’s been going on. We’re going to keep it as the lead item on this page for awhile… Continue reading
Sep 24 Watch Wall Street Woes Ripple Through Local Economies The collapse of financial institutions on Wall Street has sent ripples of fear through local economies across the U.S. Four business journalists from across the nation assess the regional impacts of the financial upheaval. Continue watching
Sep 24 Watch Obama Rebuffs McCain’s Call to Delay Debate Amid Crisis Sen. John McCain called for Friday's debate to be delayed amid the financial crisis, a move quickly rebuffed by Sen. Barack Obama. Analysts Ruth Marcus and Byron York assess the developments. Continue watching
Sep 24 Watch Bailout Plan Dominates Campaign Trail and Capitol Hill Sens. John McCain suggested delaying Friday's presidential debate amid concerns over the nation's financial crisis as lawmakers sought to reach a compromise on a $700 billion government bailout plan. Kwame Holman reports on the latest news from the campaign trail… Continue watching
Sep 23 Bernanke and Paulson Urge Congress to Act; Lawmakers Call for More Time By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress to pass a $700 billion financial bailout Tuesday, saying the national economy could suffer more if too much time passes. Continue reading
Sep 22 Watch Congress Struggles With Scope of Financial Rescue Plan The government's $700 billion financial bailout proposal now faces lawmaker approval. Senate finance committee members describe which parts of the plan are stirring debate. Continue watching
Sep 21 Why has the Fed repeatedly lowered interest rates? Question/Comment: Repeatedly, the Fed has lowered interest rates, and repeatedly, the market has responded, and repeatedly, it has continued its downward trend. It is obvious that that does not work. Do they want simply to lower interest rates and find… Continue reading