Sep 23 Watch Lawmakers Pose Tough Questions on Bailout Proposal Federal Reserve chief Ben Bernanke and Treasury Secretary Henry Paulson faced tough questions from skeptical members of Congress Tuesday over a $700 billion financial bailout plan. Kwame Holman reports on the hearings and other developments in the financial crisis. 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
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 Watch Government Eyes Sweeping Wall Street Rescue Plan After Ray Suarez recaps Friday's updates on government efforts to rescue the a financial system teetering on bad mortgage bets, Margaret Warner speaks with a financial columinst and a business reporter about the government's intervention and the impact of the… Continue watching
Sep 19 Fed, Congress, President Review Plans to Aid Flailing Financial Markets By PBS News Hour 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 18 Watch Government Reshapes Role in Financial Sector With Bailouts The financial crisis gripping Wall Street this week has led to an unprecedented level of government intervention. Policy experts examine the government's role in the crisis. Continue watching
Sep 18 Watch Central Banks Add Liquidity to Wobbly Markets President Bush addressed recent shifts in the financial sector, central banks flooded currency markets with cash in an attempt to spur banks to begin lending again and the presidential candidates offered fresh reactions to the crisis. Kwame Holman and Judy… Continue watching
Sep 18 World Banks Add Liquidity to Markets, Speculation Grows Over New Mergers By PBS News Hour The world's central banks injected $180 billion into markets early Thursday to revive a global financial system that had nearly ground to a halt amid a crisis on Wall Street and to ensure the banks can access enough cash for… Continue reading
Sep 17 Stocks Plunge Despite Fed’s $85B Bailout of AIG By Admin, PBS News Hour 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 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching