Apr 02 Watch Fed Chairman Bernanke Says Recession Is ‘Possible’ Federal Reserve Chairman Ben Bernanke on Wednesday told Congress that while the current downturn might be temporary, "a recession is possible."… Continue watching
Apr 02 Economy on Brink of Recession, Bernanke Warns By Admin, PBS News Hour Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may continue to shrink -- signaling the possible start of a recession -- in his first testimony since the Fed approved the bailout of investment firm Bear Stearns. Continue reading
Apr 01 Watch Campaigns Push to Connect With Voters on Economic Reform Plans The Bush administration announced plans to overhaul U.S. financial regulatory structure Monday, the latest in a stream of stories on economic woes. Representatives from the Clinton, McCain and Obama campaigns discuss their candidates' views on the ailing economy. Continue watching
Apr 01 I’ve heard the Federal Reserve is not actually federal and has no reserves, it’s a private banking cartel that looks out for the interests of Wall Street, not most Americans. This installment’s “guest vetter” is Larry Koltikoff with Boston University. He is perhaps the best-known American economist on the issue of intergenerational conflict over entitlement spending on programs like Social Security and Medicare. You can check out his full bio… Continue reading
Mar 31 Watch Broad New Oversights Pitched for Ailing Financial Systems In the wake of the subprime mortgage crash and the bailout of a prominent U.S. investment firm, Treasury Secretary Henry Paulson on Monday outlined an administration proposal for increasing the regulation of financial institutions and markets. A Treasury official and… Continue watching
Mar 28 Treasury Calls for Sweeping Oversight Changes By PBS News Hour The Bush administration unveiled the most sweeping plan to overhaul the U.S. financial regulatory system since the Great Depression on Monday, but admitted that the next president's administration will need to hammer out many details with Congress. Continue reading
Mar 27 Watch John McCain Addresses the Housing Crisis Following is the text of Sen. John McCain's speech on the U.S. economy and housing crisis delivered on March 25 in Santa Ana, Calif. Continue watching
Mar 27 Watch Clinton Calls for $30B Plan to Halt Foreclosures Following is the text of Sen. Hillary Clinton's economic address delivered Monday, March 24, at the University of Pennsylvania in Philadelphia. Continue watching
Mar 26 Watch Paulson Urges Oversight in Wake of Bear Stearns Bailout Treasury Secretary Henry Paulson said Wednesday that investment banks may require the same government oversight that commercial banks face if they will borrow federal money. Economic analysts weigh the pros and cons of increased federal regulation. Continue watching
Mar 25 Watch Housing Crisis Draws Attention from Candidates Presumptie GOP nominee Sen. John McCain warned Tuesday against hasty government involvement in the U.S. mortgage crisis, while both Democratic candidates have called for increased regulation of lenders. An analysts considers the state of the housing market. Continue watching