Jun 02 Geithner in China: How Is China Weathering the Economic Crisis? By Business Desk Question: How is China weathering the economic crisis? And does China want to remain the United States’ largest creditor? Paul Solman: With Treasury Secretary Tim Geithner in Beijing for the past few days, the financial world has been watching and… Continue reading
May 28 As GM Deadline Nears, Bondholders Back New Stock Deal By Admin, PBS News Hour General Motors said Thursday that a group of bondholders has accepted a sweetened deal that offers them up to a one-quarter stake in the company if they drop opposition to the struggling automaker's plans to reorganize. Continue reading
May 20 Watch Other News: Baghdad Car Bombing Kills at Least 41 Iraqis In other news, a car bombing in Baghdad killed at least 41 Iraqis, injuring 72 others. Also, Pakistan announced its capture of a major Taliban stronghold. Continue watching
May 14 What’s the Story With Regulating Derivatives? By Business Desk Question: What’s going on with the just-announced regulatory reform of derivatives? Paul Solman: Plenty. And you could say it’s about time. One of the leading scandals of recent years (and that’s no easy feat, considering how crooked a track… Continue reading
May 13 Watch Other News: Treasury Calls for System to Track Financial Instruments In other news, the Treasury Department called for a central electronic system to track risky financial instruments, including credit default swaps, and the Commerce Department reported retail sales fell for the second month in a row. Continue watching
May 13 Treasury Seeks More Regulation of Risky Derivative Trades By Admin, PBS News Hour The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group. Continue reading
May 08 Watch Shields and Brooks Mull Economic Expectations, Afghan Policy Columnists Mark Shields and David Brooks examine the outcome of the banking stress test results, U.S. policy toward Afghanistan and Pakistan and remember the life of Jack Kemp. Continue watching
May 08 Watch Geithner Weighs Pace of Job Losses, Defends Stress Tests Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent. Continue watching
May 07 Watch ‘Stress Tests’ Put Credibility of Banks, Regulators Back in Spotlight On the day the government released better-than-expected stress test results for 19 major banks, a panel of economic analysts explain how the numbers were calculated and gauge the report's impact on the nation's financial health. Continue watching
May 07 Watch Government ‘Stress Tests’ Find Big Banks Need $75 Billion The U.S. Treasury released stress tests of 19 major banks, finding that they collectively need another $75 billion by November. A financial reporter explains the results. Continue watching