Jul 23 President Bush Drops Veto Threat for Housing Bill By PBS NewsHour President Bush will sign into law a housing rescue bill hammered out in a compromise among House and Senate leaders, the White House said Wednesday. Continue reading
Jul 18 Watch Analysts Tackle Economy Woes, Obama’s Overseas Trip Analysts David Brooks and Ruth Marcus take up the U.S. economy's shaky health and Sen. Barack Obama's trip to the Middle East and Europe, which has drawn vast media coverage and was described by Sen. John McCain's camp as a… Continue watching
Jul 17 Watch Fannie Mae CEO Defends Mortgage Giant’s Stability Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial… Continue watching
Jul 15 Bernanke: Economy Faces ‘Numerous Difficulties’ By Admin, PBS NewsHour Amid a flurry of government-backed steps to fortify the U.S. economy, Fed chief Ben Bernanke told lawmakers Tuesday the economy continues to face "numerous difficulties" including turbulent financial markets, rising unemployment and housing troubles. Continue reading
Jul 14 Watch Treasury, Fed Propose Safety Net for Mortgage Giants Congress must soon decide on a U.S. Treasury-Federal Reserve measure to save mortgage giants Freddie Mac and Fannie Mae from further crisis. An economics editor and House Financial Committee members weigh the options. Continue watching
Jul 14 U.S. Government Takes Steps to Back Struggling Mortgage Giants By PBS NewsHour The Treasury Department and Federal Reserve laid out plans Sunday to help bolster lagging confidence in mortgage-finance giants Fannie Mae and Freddie Mac. Continue reading
Jul 11 Watch Shields, Brooks Assess Struggles in the Economy, Campaign News With continued financial troubles in the headlines, the presidential hopefuls have made their plans to improve the economy central to their case to voters. Mark Shields and David Brooks discuss the Fannie Mae, Freddie Mac panic and campaign trail developments. Continue watching
Jul 11 Watch Worries of a Bailout of Mortgage Giants Hit Markets Hard The market value of mortgage giants Freddie Mac and Fannie Mae slumped again Friday, but rebounded after officials downplayed the likelihood of government action. A reporter and analysts discuss the developments. Continue watching
Jul 11 Paulson: No Bailout for Fannie Mae, Freddie Mac By Admin, PBS NewsHour Amid worries that Fannie Mae and Freddie Mac might run short of capital, Treasury Secretary Henry Paulson said Friday the government would support them "in their current form as they carry out their important mission."… Continue reading
Jul 10 Fannie Mae, Freddie Mac Stocks Tumble over Bailout Fears By PBS NewsHour Shares of government-chartered mortgage giants Fannie Mae and Freddie Mac plunged to their lowest levels since 1991 in Thursday trading over concerns the companies won't be able to raise necessary capital. Continue reading