Economics correspondent Paul Solman speaks with author Paco Underhill about how consumer habits have changed during this recession.
Editor’s Note: On last night’s NewsHour, Paul examined the paradox of thrift. Here’s MIT’s Simon Johnson explaining the phenomenon in the segment: SIMON…
During the economic downturn, the American savings rate is rising fast, with some unexpected consequences. Paul Solman examines how the economy might suffer when thrifty consumers decide to save their money instead of spending it.
Tonight’s NewsHour features a piece called “The Paradox of Thrift.” The phrase refers to the potential downsides of squirreling money away, especially if all of us do it at once. While saving is often a good thing – and something…
Question: Why is deflation so bad? I have certainly benefited from the drop in gas prices, so I wonder what is wrong with things becoming cheaper in general? And wouldn’t that make up for previous inflation? Paul Solman: Another good…
House Minority leader John Boehner offers the GOP view on President Obama's budget, and describes the House GOP's alternative proposal.
As Congress takes action on President Obama's budget plan, House Speaker Nancy Pelosi offers her perspective on lawmakers' spending priorities and how alternative budget proposals have fared in the debate.
Congressional Democrats outlined plans Wednesday to scale back the Obama administration's budget plan as the president visited Capitol Hill to drum up support. Reporters examine the politics at play.
By Admin, PBS NewsHour
In budget blueprints they plan to formally release Wednesday, House and Senate Democrats said they plan to cut billions from President Obama's spending request while preserving some of his most significant domestic programs.
By PBS NewsHour
In his continuing public campaign of interviews and speeches, President Obama pledged Tuesday to fight for spending initiatives in his $3.6 trillion budget and defended efforts to stabilize the faltering economy.
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