In other news Friday, more than 100 people died in Southern Sudan after a breakaway group ended a cease-fire and carried out attacks in two towns. Southern Sudan will become an independent nation in July. In Pakistan, an American diplomat…
The Obama administration is calling for some fundamental changes at mortgage giants Fannie Mae and Freddie Mac. Jim Lehrer discusses the possible changes with William Poole, former Federal Reserve Bank of St. Louis president, and John Taylor of the National…
Former executives of mortgage giant Fannie Mae testified about their role in the collapse of the housing market and the ensuing economic crisis before the Financial Crisis Inquiry Commission. Jeffrey Brown talks to two housing experts for more.
By Carolyn O'Hara
On the West side of Chicago, the loss of a bank that invested widely in local neighborhoods is being mourned by residents, who question why a bank's commitment to community is not considered part of its bottom line.
In the latest in a series of reports making sense of the economy, NewsHour economics correspondent Paul Solman examines the ongoing foreclosure crisis.
On the one year anniversary of the collapse of Lehman Brothers, Jeffrey Brown talks to economists and experts about what has been learned and the future of financial reform.
Iowa's Supreme Court ruled that the state's ban on gay marriage is unconstitutional, and mortgage giants Fannie Mae and Freddie Mac will pay more than $210 million in bonuses through next year as an incentive to get more than 7,600…
By PBS NewsHour
China's Premier Wen Jiabao expressed concern Friday about China's massive holding of U.S. debt and Treasuries, appealing to U.S. leadership to make moves to restore economic health and insure the value of China's holdings.
One day after signing a $787 billion stimulus bill into law, President Barack Obama outlined a $75 billion plan to help stem foreclosures, which is at the heart of the nation's deepening economic woes.
In an effort to boost the economy, Treasury Department officials are considering a plan to push mortgage rates lower. Reporters and analysts weigh the pros and cons of such a move.
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