Nov 14 FDIC: Plan Could Avert 1.5 Million Foreclosures By Admin, PBS News Hour About 1.5 million American households could stave off foreclosures under a revised loan-guarantee program unveiled Friday, the Federal Deposit Insurance Corp. said. Continue reading
Nov 12 Paulson Says Bailout Funds May Not Be Used to Buy Troubled Assets By PBS News Hour Treasury Secretary Henry Paulson announced a major shift in the government's bailout program Wednesday, saying the $700 billion rescue package will not be used to purchase troubled assets as originally planned. Continue reading
Oct 27 Watch New Measures May Help Homeowners Facing Foreclosure As the economic crisis continues to reverberate around the nation, troubles in the housing sector remain key to the upheaval -- and many homeowners are facing foreclosure in the interim. Economics experts debate various measures being considered to help homeowners… Continue watching
Oct 07 Fed Aims to Unfreeze Credit Markets With Plan to Buy Short-Term Debt By PBS News Hour The Federal Reserve announced a plan Tuesday to buy short-term debt directly from businesses, in an effort to stimulate paralyzed credit markets and get cash to companies that need it. Continue reading
Oct 01 Watch Modified Wall Street Rescue Plan Awaits Senate Vote As the Senate votes on a modified version of the $700 billion bailout package that the House rejected, political and economic experts assess the measure's likely path and how it will affect financial markets abroad. Continue watching
Sep 19 Watch Government Eyes Sweeping Wall Street Rescue Plan After Ray Suarez recaps Friday's updates on government efforts to rescue the a financial system teetering on bad mortgage bets, Margaret Warner speaks with a financial columinst and a business reporter about the government's intervention and the impact of the… Continue watching
Jul 15 Bernanke: Economy Faces 'Numerous Difficulties' By Admin, PBS News Hour Amid a flurry of government-backed steps to fortify the U.S. economy, Fed chief Ben Bernanke told lawmakers Tuesday the economy continues to face "numerous difficulties" including turbulent financial markets, rising unemployment and housing troubles. Continue reading
Apr 01 Watch Campaigns Push to Connect With Voters on Economic Reform Plans The Bush administration announced plans to overhaul U.S. financial regulatory structure Monday, the latest in a stream of stories on economic woes. Representatives from the Clinton, McCain and Obama campaigns discuss their candidates' views on the ailing economy. Continue watching
Nov 05 Watch Citigroup Faces Fallout from Subprime Market Citigroup, the nation's largest bank, faces both a downgraded credit rating and the resignation of CEO Charles Prince. A business journalist describes the company's struggles. Continue watching
Jun 23 Watch U.S. Government Monitors International Banking for Counterterrorism The Treasury Department has been using internet banking programs containing transactions of thousands of Americans to track terrorism money since September 11, 2001. The lead official at the Department of Treasury explains the need for the program. Continue watching