Nov 25 Watch Government Widens Support for Home Loans, Credit In an effort to boost economic activity, the Fed and the Treasury announced new plans to boost consumer spending and aid the housing market. Economic analysts examine the Fed's expanding role in managing the crisis. Continue watching
Nov 24 Watch Citigroup Averts Collapse With Government Rescue Plan In an effort to stabilize the teetering American financial giant, the U.S. government stepped up to help Citigroup by injecting $20 billion in capital and agreeing to shoulder most potential losses for the bank's high-risk assets. A New York Times… Continue watching
Nov 24 Obama Announces Economic Team, Prods New Congress to Pass Stimulus Package By PBS News Hour While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan "right away" to address the nation's ongoing economic crisis. Continue reading
Nov 24 Obama Unveils New Economic Team By Admin, PBS News Hour President-elect Barack Obama named Timothy Geithner as his choice for Treasury Secretary and named other key members of his economic team. Following are his remarks, as prepared for delivery on during a press conference Thursday in Chicago. Continue reading
Nov 21 Watch David Brooks and Ruth Marcus Discuss Obama’s Cabinet Picks, Economy’s Woes David Brooks and Ruth Marcus weigh reports that President-elect Barack Obama plans to choose Sen. Hillary Clinton and Timothy Geithner, among others, for Cabinet posts and the search for solutions to the economic crisis. Continue watching
Nov 21 Watch Jittery Markets, Weak Data Cap Grim Week on Wall Street After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. Continue watching