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…
By Admin, PBS NewsHour
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.
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.
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.
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.
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