Sep 23 Watch Massive Financial Rescue Faces Skepticism in Congress Fed chief Ben Bernanke and Treasury head Henry Paulson answered questions from skeptical members of Congress Tuesday as they pushed their $700 billion bailout plan. Analysts discuss the details of the proposal. Continue watching
Sep 19 Watch Wall Street Upheaveal Puts McCain, Obama to the Test Wall Street's woes put the economy at the top of the campaign agendas of John McCain and Barack Obama this week as the two sought to shape their views on government regulation and other issues. Analysts Mark Shields and David… Continue watching
Sep 19 Watch Candidates Differ on Terms of Financial Sector Rescue Presidential contenders Barack Obama and John McCain offered differing views Friday on proposals for a sweeping government bailout of the weakened financial sector. Judy Woodruff reports on their latest reactions to the Wall Street crisis. Continue watching
Sep 19 Fed, Congress, President Review Plans to Aid Flailing Financial Markets By PBS NewsHour President Bush and Treasury Secretary Henry Paulson pushed Congress Friday to cooperate with a plan to rescue the country's markets by authorizing the government to purchase failing mortgages at highly discounted rates. Continue reading
Sep 17 Stocks Plunge Despite Fed’s $85B Bailout of AIG By Admin, PBS NewsHour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading
Sep 09 Watch Senators React to Freddie Mac, Fannie Mae Rescue Plan After the U.S. Treasury's decision to take over mortgage giants Fannie Mae and Freddie Mac, Senate Banking Committee members Chris Dodd, D-Conn., and Richard Shelby, R.-Ala., provide Congressional perspective on the rescue plan and assess the road ahead. Continue watching
Sep 08 Watch Questions Remain After Fannie Mae, Freddie Mac Takeover Most U.S. stocks rose following the federal government takeover of mortgage giants Fannie Mae and Freddie Mac, but questions lingered over the impact on the housing market and the credit crisis. Business reporters and analysts mull the implications of the… Continue watching
Sep 08 Markets Rise on News of Fannie Mae, Freddie Mac Takeover By Admin, PBS NewsHour Global stocks and the dollar jumped Monday on the news that the government seized control of mortgage giants Fannie Mae and Freddie Mac Sunday in a landmark attempt to stabilize the firms and contain the financial crisis caused by the… Continue reading
Jul 24 Watch Housing Rescue Bill Awaits Senate, but Questions Linger A hotly-debated housing bill aimed at helping struggling homeowners and shoring up Fannie Mae and Freddie Mac is next headed for the Senate. Sens. Chris Dodd, D-Conn., and Richard Shelby, R-Ala., discuss the details. Continue watching
Jul 23 Watch Wide-reaching Housing Rescue Legislation Moves Forward The House approved Wednesday a hotly-debated housing rescue package aimed at helping strapped homeowners avoid foreclosures after President Bush dropped his opposition to the bill. Experts examine the measure. Continue watching