Jul 14 Watch Treasury, Fed Propose Safety Net for Mortgage Giants Congress must soon decide on a U.S. Treasury-Federal Reserve measure to save mortgage giants Freddie Mac and Fannie Mae from further crisis. An economics editor and House Financial Committee members weigh the options. Continue watching
Jul 11 Paulson: No Bailout for Fannie Mae, Freddie Mac By Admin, PBS News Hour Amid worries that Fannie Mae and Freddie Mac might run short of capital, Treasury Secretary Henry Paulson said Friday the government would support them "in their current form as they carry out their important mission."… Continue reading
Jun 24 Home Prices, Consumer Confidence Take Tumbles By PBS News Hour U.S. home prices extended their record slide in April, with every top metropolitan area now posting annual losses and many showing double-digit declines, according to the Standard & Poor's/Case-Shiller home price index report released Tuesday. Continue reading
Jun 16 Watch Lehman Reports $3 Billion in Losses Due to Bad Mortgage Investments Lehman Brothers chief Richard Fuld took responsibility Monday for a staggering $3 billion in losses in the second quarter, saying the company was too slow to react to the unfolding credit and mortgage crisis. Roben Farzad of BusinessWeek magazine outlines… 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
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
Dec 11 Watch Tuition Cut for Some Middle-, Upper-Income Students Harvard recently announced cuts in tuition for middle- and upper-income students. Analysts Richard Kahlenberg and Scott Jaschik discuss the recent trend in making college more affordable. Continue watching
May 30 Watch Former Trade Representative Nominated to Head World Bank Two weeks after Paul Wolfowitz resigned as president of the World Bank, President Bush nominated former U.S. trade representative Robert Zoellick to lead the organization. An economics professor and a journalist discuss the challenges facing the bank's next president. Continue watching
Jan 12 Watch Generation Next Project Probes Views, Lives of America’s Young People Judy Woodruff and the Generation Next team criss-crossed the country last summer to gauge and document the views of 16-25 year olds. NewsHour presents excerpts from the documentary. Continue watching
Dec 21 Watch Small Business in New Orleans Still Struggling for Survival After Katrina Louisiana Governor Kathleen Blanco announced a plan to provide interest-free loans and $100 million of federal funds in grant money for small businesses in New Orleans. The NewsHour reports on the struggle for survival as the city rebuilds after Hurricane… Continue watching