Oct 07 Fed Aims to Unfreeze Credit Markets With Plan to Buy Short-Term Debt By PBS News Hour The Federal Reserve announced a plan Tuesday to buy short-term debt directly from businesses, in an effort to stimulate paralyzed credit markets and get cash to companies that need it. Continue reading
Sep 30 Watch Bailout Discord Persists as Congress Seeks to Fix Economy With Congress set to revisit reaching a compromise over the proposed $700 billion bailout that failed in the House on Monday, a panel of lawmakers debate the plan and future efforts to alleviate the economic meltdown. Continue watching
Sep 26 Watch House Lawmakers Divided Over Scope of Government Intervention Congressional leaders are showing signs of fatigue and frustration over continuing negotiations. Reps. Barney Frank and Mike Pence discuss the progress towards a workable plan. Continue watching
Sep 26 Watch Kwame Holman Reports on Financial Woes Preceding Debates Lawmakers have not been able to agree on a plan with the White House, nor with each other, choosing not to enact a bill for the near future. NewsHour correspondent Kwame Holman discusses the dealings on Capitol Hill. Continue watching
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