Question/Comment: If deficit spending stimulates the economy then won't imminent plans to wind down the war and trim spending offset any stimulus packages? Paul Solman: Hmmm, interesting point: an argument for continuing the war might be its stimulating…
All three presidential hopefuls weighed in on current U.S. economic turmoil this week, outlining their solutions for issues ranging from soaring foreclosure rates to government oversight of investment banks.
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…
By PBS NewsHour
President Bush said Friday he would sign the $168 billion economic stimulus bill that was passed Thursday by both houses of Congress in a bipartisan effort intended to ward off a possible recession.
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…
In his final State of the Union address, President Bush urged Congress not to delay the economic stimulus bill, while Kansas Gov. Kathleen Sebelius urged for bipartisan efforts to address health care and global warming. Analysts consider the speeches.
Wall Street and global financial markets took a dive this week, fueled largely by concerns over a slowing U.S. economy. Economics correspondent Paul Solman explains the wild week on Wall Street, and explores the larger causes behind the turmoil.
"I will ask members of both parties to work with me to secure our economic future. We cannot be satisfied until every part of our economy is healthy and vigorous," Mr. Bush said in a speech to the Economic Club…
Senate Majority Leader Tom Daschle today announced that President Bush's economic stimulus plan, passed early this morning in the House, was dead on arrival in the upper chamber.
The U.S. Senate is preparing to debate how best to jump-start the economy after House lawmakers narrowly passed a Republican-backed economic stimulus package providing over $100 billion in tax relief.
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