Jan 30 U.S. Economy Shrinks at Fastest Rate in 26 Years By Admin, PBS News Hour The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday. Continue reading
Jan 29 Stimulus Package Goes to Senate as Signs of Economic Downturn Continue By Admin, PBS News Hour The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn. Continue reading
Jan 28 House Passes $819 Billion Economic Stimulus Plan By Admin, PBS News Hour The Democratic-controlled House of Representatives passed President Barack Obama's $819 billion economic stimulus package by a vote of 244-188 Wednesday, with Republicans unanimous in opposition. Continue reading
Jan 28 Watch Fed Vows to Use ‘All Available Tools’ to Prop Up Economy The Fed has been extraordinarily active in recent months, and there are some calls now to expand its future role as a financial regulator. Analysts examine the Fed's evolving role. Continue watching
Jan 28 Fed Leaves Key Rate at Record Low, Vows to Use All Tools to Help Economy By PBS News Hour Acknowledging that the economy has continued to deteriorate, the Federal Reserve signaled Wednesday that it will continue to use unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."… Continue reading
Jan 27 Watch States Grapple With Unique Difficulties in Economic Downturn As the impact of the economic downturn ripples across the U.S., four public broadcasting reporters describe how the recession has impacted their states and local communities. Continue watching
Jan 27 Consumer Confidence Hits New Low as Home Prices Sink, State Unemployment Soars By PBS News Hour Americans' attitudes about the economy have sunk to a new low as another round of glum economic data released Tuesday also shows home prices plummeting and state unemployment rates soaring. Continue reading
Jan 23 Watch European Markets Tumble, Missiles Strike Pakistan European markets plunged Friday and Britain officially declared itself in a recession. Elsewhere in the world, suspected American missiles killed more than a dozen people in Pakistan; five militants were reportedly among the dead. Jim Lehrer reports on these events… Continue watching
Jan 22 Watch Tech Industry Faces Struggles Amid Economic Slump Microsoft announced a drop in earnings and unprecedented job cuts, and the Intel Corporation revealed plans to shutter five plants and lay off thousands of workers Thursday. Lee Hochberg examines how the technology industry is weathering the economic crisis. Continue watching
Jan 21 Watch Banking Sector, Bailout Reform May Top Obama Economic Agenda Treasury nominee Timothy Geithner went before a Senate panel Wednesday, answering questions on the financial crisis as well as his tax payment controversy. Analysts mull what's ahead for Obama's economic agenda. Continue watching