Mar 16 Obama Cites 'Outrage' Over AIG Bonuses By PBS News Hour President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money. Continue reading
Mar 11 What Are Mark-to-Market Rules? Question: What are mark-to-market rules? And should they be changed? Paul Solman: When it comes to the current crisis, this is the question (or one major question): To “mark to market” or not to “mark to market”? Consider a… Continue reading
Mar 10 Watch Bernanke Calls for Overhaul of Financial Regulations Fed chief Ben Bernanke called Tuesday for a regulation overhaul to prevent future financial crises and monitor "too-big-to-fail" institutions. Analysts weigh the call for reform. Continue watching
Mar 10 Bernanke Calls for Broad Overhaul of Financial Regulatory System By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke said Tuesday that the country's financial regulatory system needs a broad overhaul to strengthen oversight of financial institutions whose failure would put the entire economy in danger. Continue reading
Mar 03 Watch Government Officials Defend Economic Recovery Plans Facing criticism from some lawmakers, government officials defended their economic recovery plans. Kwame Holman reports. Continue watching
Mar 03 Bernanke Defends AIG Rescue, Urges Quick Moves on Economy By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke advised moving "aggressively" to ease the economic crisis during testimony to lawmakers Tuesday while defending the government's latest moves to prop up troubled insurance giant American International Group. Continue reading
Feb 24 Consumer Confidence Plunges to Record Low By Admin, PBS News Hour A private research group announced Tuesday that consumer confidence sank to a record low in February. Meanwhile, Federal Reserve Chair Ben Bernanke told Congress the U.S. economy is suffering a "severe contraction."… Continue reading
Feb 18 Watch Obama Unveils Plan to Curb Home Foreclosures President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day. Continue watching
Feb 10 Watch Geithner Revamps Bank Rescue Plan The Treasury Department outlined an overhaul of the financial rescue plan Tuesday as the stimulus bill moved forward. Economists and analysts react to the developments. Continue watching
Feb 10 New Bank Rescue Plan Aimed at Easing Credit By PBS News Hour Treasury Secretary Timothy Geithner announced Tuesday a strategy to overhaul the widely criticized bank bailout fund that is aimed at unclogging credit markets that provide loans to consumers and businesses. Continue reading