Question/Comment: What do you think is the future of home loans: higher interest for lenders' safety or lower interest to attract borrowers? Paul Solman: You force me to trot out yet again what I once heard the late economist John…
The Federal Reserve proposed new credit card regulations Friday in response to growing rancor over credit practices that are widely regarded as unfair and deceptive. Robin Farzad of BusinessWeek Magazine explains the details and possible effects.
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.
Question/Comment: Karl Marx, in his work “Capital,” alluded to the idea that overproduction contributed to a general historical tendency of capitalism to be undermined by declining returns on capital. Do you think that overproduction or declining profit rates have contributed…
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…
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…
U.S. House leaders met with Treasury Secretary Henry Paulson Wednesday to shape the details of a economic stimulus package amid fears of a recession and concerns over volatile financial markets, both in the U.S. and abroad. Two economists assess the…
Federal Reserve Chairman Ben Bernanke has called for government action to revive the slowing U.S. economy, in a key test of his tenure as the head of the central bank. Two business reporters consider how Bernanke is responding to the…
President Bush spoke with congressional leaders Thursday about an economic rescue package as Fed chief Ben Bernanke testified on Capitol Hill that it is "critically important" that a stimulus effort take effect quickly. Members of the House budget panel detail…
President Bush met with economic advisers Friday to consider possible stimulus packages, as the Labor Department announced that low hiring in December pushed the U.S. unemployment rate to 5 percent, a two-year high.
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