Mar 24 JP Morgan Hikes Offer for Troubled Bear Stearns By PBS News Hour Stock indexes rose in early Monday trading after banking giant JP Morgan Chase & Co. confirmed reports that it had quadrupled its offer for troubled investment bank Bear Stearns Co. Continue reading
Mar 20 Watch On the Campaign Trail, Candidates Shape Foreign, Domestic Policies Democratic presidential candidates Sens. Hillary Clinton and Barack Obama spent Thursday on the campaign trail outlining their plans to boost the economy, while presumptive GOP nominee Sen. John McCain met with British Prime Minister Gordon Brown in London. Continue watching
Mar 14 Watch FEMA Works to Move Evacuees Out of Trailer Homes In the second in a series of reports on Gulf Coast housing problems, Betty Ann Bowser examines FEMA's plans to find more permanent housing for hurricane evacuees who have spent months living in trailers. Continue watching
Mar 07 Watch Campaign Stump Speeches Focus on Economy This week on the campaign trail, Sens. Hillary Clinton and Barack Obama headed out again for another battle for Democratic votes, while GOP Sen. John McCain set out to shore up his support among his own party's base. Continue watching
Feb 28 Watch Congress Divided on Economic Relief, Housing Measures President Bush played down the possibility of recession Thursday, while Fed Chairman Ben Bernanke explained to Congress the difficulties of balancing rising inflation with a slowing economy. Two senators debate proposals to aid the economy, including a supplemental stimulus package… Continue watching
Feb 12 Watch Lenders Sign-on for Plan to Help Prevent Home Foreclosures The Bush Administration and six of the nation's largest banks agreed on a plan Tuesday that would delay some home foreclosures by 30 days, allowing lenders to negotiate more affordable terms. Treasury Secretary Henry Paulson discusses the details of the… Continue watching
Jan 30 Watch Fed Cuts Key Interest Rate Again in Bid to Avert Economic Anxieties The Federal Reserve lowered its benchmark interest rate by half a point Wednesday -- the second rate reduction in eight days in a bid to help ease pressure on jittery financial markets. Wall Street Journal economics editor David Wessel examines… Continue watching
Jan 24 Watch Stimulus Plan Focuses on Rebate Checks, Incentives Congressional leaders and the White House reached an agreement Thursday for an economic stimulus package that would include rebate checks for millions of taxpayers and incentives for businesses to invest in new capital. A panel of economic experts examines how… Continue watching
Jan 11 Watch Bank of America Buys Struggling Mortgage Lender Bank of America plans to acquire Countrywide Financial, the nation's largest home loan lender, as part of a "rescue deal" intended to help ease the impact of the subprime mortgage crisis. BusinessWeek senior writer Roben Farzad explains the ins and… Continue watching
Dec 18 Watch Fed Backs New Rules Aimed at Curbing Risky Home Loans The Federal Reserve proposed new mortgage regulations Tuesday that would help protect home buyers from shady lending practices following losses suffered in the risky "subprime" home loan category. A Wall Street Journal reporter looks at the recent mortgage crisis and… Continue watching