Apr 02 Watch Fed Chairman Bernanke Says Recession Is ‘Possible’ Federal Reserve Chairman Ben Bernanke on Wednesday told Congress that while the current downturn might be temporary, "a recession is possible."… Continue watching
Apr 02 Economy on Brink of Recession, Bernanke Warns By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may continue to shrink -- signaling the possible start of a recession -- in his first testimony since the Fed approved the bailout of investment firm Bear Stearns. Continue reading
Mar 27 Watch John McCain Addresses the Housing Crisis Following is the text of Sen. John McCain's speech on the U.S. economy and housing crisis delivered on March 25 in Santa Ana, Calif. Continue watching
Mar 27 Economy’s Growth Nearly Halted By End of 2007 By Admin, PBS News Hour New numbers released by the government Thursday highlighted the continued weak performance of the national economy, with the Commerce Department reporting an anemic 0.6 percent increase in the gross domestic product in the final three months of 2007. Continue reading
Mar 27 Watch Clinton Calls for $30B Plan to Halt Foreclosures Following is the text of Sen. Hillary Clinton's economic address delivered Monday, March 24, at the University of Pennsylvania in Philadelphia. Continue watching
Mar 21 Watch Political Unrest Drags on Kenya’s Tourism Industry The violence that exploded in Kenya earlier this year over allegations of vote-rigging has caused the country's tourism industry to slump. Margaret Warner reports from Kenya on the anemic state of one of the country's biggest economic engines. Continue watching
Mar 19 Watch Americans Divided Over Mission, Scope, Future in Iraq Five years into the Iraq war, Americans remain divided over why we invaded, degrees of success and failure, and how to bring the troops home. The NewsHour's Big Picture election series now brings together a group of citizens to discuss… Continue watching
Mar 18 Federal Reserve Cuts Key Interest Rate By Admin, PBS News Hour The Federal Reserve on Tuesday cut a key interest rate by three-fourths of a percentage point, moving to contain a credit crisis threatening to push the country into a recession. Continue reading
Mar 17 Watch Obama Weighs In on Economy, Looks to Pennsylvania In an in-depth interview, Sen. Barack Obama weighs in on the current U.S. economic crisis, the war in Iraq, issues of race and gender and his run for the Democratic presidential nomination. Obama also looks ahead to next month's contest… Continue watching
Mar 17 Fed Makes Weekend Move to Aid Credit Markets By Admin, PBS News Hour Amid news of a fire sale buyout deal for lending group Bear Stearns, the Federal Reserve took more bold action over the weekend. Continue reading