Feb 13 How can such enormous debt be sustainable and what happens to the world economy if the U.S. defaults? By Business Desk Question/Comment: I am a Canadian. Unfortunately, 87 percent of our trade is with America. Consequently, U.S. recessions are felt more deeply in Canada. However, my questions are about the American debt. My understanding is that the debt could reach $10… Continue reading
Jan 28 Watch President Bush’s 2008 State of the Union Address President Bush delivered his last formal State of the Union address Monday night, seeking to ease American anxieties over the economy and detail recent progress in Iraq. Following is the text of President Bush's 2008 State of the Union Address,… Continue watching
Jan 24 Lawmakers Reach Deal on Economic Stimulus By PBS News Hour Congressional leaders and the White House announced Thursday that they reached a deal on an economic stimulus package that would give most U.S. taxpayers refunds ranging from $600 to $1,200 and roll out tax breaks for businesses. Continue reading
Jan 17 Quick Implementation Best for Economic Boost, Fed Chair Says By Admin, PBS News Hour Federal Reserve Chairman Ben S. Bernanke told lawmakers Thursday it is "critically important" that an economic stimulus package take effect quickly to ward off a recession, recommending the government get cash into peoples' hands as soon as possible. Continue reading
Jan 17 Israel Steps Up Airstrikes on Militants in Gaza By Admin, PBS News Hour Israel has intensified airstrikes on parts of the Gaza Strip to squelch rocket and mortar attacks fired from Palestinian territory controlled by the militant group Hamas. Continue reading
Dec 19 U.S. Nuclear Arsenal Reduction Plan Announced By Admin, PBS News Hour President Bush announced this week that he wants to shrink the aging U.S. nuclear stockpile to less than a quarter of its size at the end of the Cold War. Continue reading
Dec 14 N. Korea Agrees to Uphold Nuclear Bargain By PBS News Hour On Thursday, North Korea reportedly responded to a letter President Bush sent earlier this month, saying it would live it up to its obligations to disarm its nuclear weapons program as long as the United States holds up its part… Continue reading
Dec 06 Despite Veto Threat, House Passes Energy Bill By Admin, PBS News Hour The U.S. House of Representatives ignored the White House's threat of a veto and approved an energy bill Thursday that would raise vehicle fuel economy standards for the first time since 1975 and mandate more renewable energy generation. Continue reading
Nov 28 Watch Palestinian Negotiator Details ‘Critical’ Moment for Mideast President Bush pledged full support Wednesday for a new Israeli-Palestinian peace effort on the heels of a U.S.-backed Mideast peace conference. Chief Palestinian negotiator Saeb Erekat discusses the agreement and the prospects for further negotiations over the creation of a… Continue watching
Nov 27 Watch Israeli PM: Tough Choices Ahead in Mideast Peace Process Israeli and Palestinian leaders agreed to restart peace talks at a Maryland summit Tuesday, promising further negotiations toward a peace treaty and the development of a Palestinian state. Gwen Ifill talks to Israeli Prime Minister Ehud Olmert about the U.S.-backed… Continue watching