Jan 23 Watch Congress, White House Hammer out Stimulus Package Details 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… Continue watching
Jan 17 Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? Questions/Comment: Could you explain to us novices what long term effects will the subprime lending debacle have on our economy? What remedial measures need to be taken by the government and investors to limit the damage? Finally, which branch of… Continue reading
Jan 04 President Weighs Economic Options As Unemployment Tops 2 Year High By Admin, PBS News Hour 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. Continue reading
Dec 26 Watch Journalists Reflect on Tumultuous Year for U.S. Economy After a report by Jeffrey Brown on the year in economic news, business writers from across the country reflect on how the ups and downs of the business world have impacted local communities. 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
Dec 14 Once companies securitize an asset and remove it from the books, are there provisions by which a company can obtain (purchase back) the asset from the special purpose entity? Question/Comment: Once companies securitize an asset and remove it from the books, are there provisions by which a company can obtain (purchase back) the asset from the special purpose entity? Since the market for collateralized debt obligations (… Continue reading
Dec 07 Watch U.S. Job Growth Held Steady in Nov., Labor Dept. Says The U.S. Labor Department announced Friday that both job growth and unemployment remained steady in the month of November, despite problems in the housing and credit markets. New York Times economy reporter David Leonhardt evaluates the new job numbers and… Continue watching
Aug 31 Watch President Bush, Bernanke Weigh In on Credit Crisis President Bush announced a series of measures Friday intended to help ease the credit crunch caused by mortgage defaults, while Federal Reserve Chairman Ben Bernanke said he would monitor the situation. Continue watching
Aug 30 Watch Risky Subprime Market Sends Ripples Through Financial World The volatility of the financial markets this summer has stemmed from weaknesses within the mortgage industry and other risky loan operations. Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Continue watching
Aug 17 Watch Presidential Aide Rove to Exit; Federal Reserve Takes Action White House deputy chief of staff Karl Rove announced his resignation, while the Federal Reserve took its most decisive action yet to help an uncertain economy. Political analysts David Brooks and Harold Meyerson discuss the week's top stories. Continue watching