Mar 24 Watch Geithner and Bernanke Testify on AIG, Regulation Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke testified before Congress on the administration's handling of executive compensation for companies receiving federal loans and asked for expanded federal regulatory powers. Jeffrey Brown reports. Continue watching
Mar 24 Geithner, Bernanke Testify Amid Bid to Calm Furor Over AIG By Admin, PBS News Hour In an essay published Tuesday and Capitol Hill appearances, President Barack Obama and Treasury Secretary Timothy Geithner worked to cool anger over the bonuses paid to executives at rescued insurance giant American International Group. Continue reading
Mar 23 The Toxic Asset Plan Explained By Business Desk After the Treasury Department released its plan today to rid banks of so-called “toxic assets” by enticing private investors to partner with the government, Paul Solman answered questions on the basics of the plan. What exactly are… Continue reading
Mar 23 New Program Aims to Entice Private Investors to Help Banks By Admin, PBS News Hour The Obama administration unveiled the latest program in its financial rescue plan Monday to draw private investors into a partnership with a new federal entity that could buy up troubled assets weighing down the nation's banks. Continue reading
Mar 20 Watch AIG Bonus Outrage, Deficit Complicate Obama Agenda With Washington still railing against more than $160 million of bonuses at insurance giant AIG, Mark Shields and Byron York consider the impact of the furor and the new estimates of the growing federal deficit on President Obama's agenda. Continue watching
Mar 19 Watch Anger at AIG Continues as House Passes Tax on Bonuses The House voted Thursday to impose a 90 percent tax on some bonuses at AIG and other bailout-funded companies. Editorial writers describe reaction to the controversy across the country. Continue watching
Mar 18 Watch Outcry Over AIG May Pose Challenge to Obama’s Agenda President Barack Obama issued a new defense Wednesday in the firestorm over AIG bonuses as the AIG chief testified on Capitol Hill. Analysts offer insight on the political impact. Continue watching
Mar 18 AIG Chairman Liddy Heads to Capitol Hill By Admin, PBS News Hour The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments. Continue reading
Mar 17 Government Furor Continues Over AIG Bonuses By PBS News Hour As the furor continues over millions of dollars in employee bonuses at the failed insurance giant AIG, lawmakers and administration officials in Washington are weighing their options to either block the payments or penalize the company. Continue reading
Mar 13 Watch Global Financial Leaders Meet in London Global Financial Leaders, including World Bank President Robert Zoellick and U.S. Treasury Secretary Timothy Geithner, are gathering in London for a G-20 summit and are expected to discuss global financial regulation and taxation issues. Faisal Islam of Independent Television News… Continue watching