Question: It seems to me like the Fed and the Treasury are trying very hard to keep asset prices high. The Fed has vastly increased the money supply, partly by lowering interest rates to zero, and partially through quantitative easing.
In an interview with Jim Lehrer, Treasury Secretary Timothy Geithner details the administration's case for a sweeping overhaul of the financial regulation system and discusses the government's role in shaping an economic recovery.
Gwen Ifill speaks with a banking expert and an economist about what the administration's plans for reforming financial oversight mean for businesses and consumers alike.
Question: How serious is the administration about true reform of the financial system? Are its plans likely to work? Or is regulation a can of worms, a Pandora’s box, and every other cliche that might be subsumed under the…
Question: One of the most popular suggestions I’ve heard for stimulating the economy is the federal government should give every household one or two million dollars. Would that work or would it create hyperinflation? Paul Solman: Let’s not be profligate…
NewsHour economics correspondent Paul Solman explains how stress tests played into the government's decision to let ten big banks pay the Treasury back for the money they received from the federal rescue.
Treasury Secretary Timothy Geithner faced lawmakers' questions after the announcement that ten large banks have been cleared to begin paying back billions of dollars in federal rescue money. Jeffrey Brown talks to Washington Post reporter Binyamin Appelbaum about the details.
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.
By PBS NewsHour
A day after Chrysler unveiled plans to close a quarter of its dealerships, General Motors followed suit Friday by telling about a fifth of its dealers their franchises will be terminated by late next year.
By Admin, PBS NewsHour
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.
Support Provided By: Learn more
Educate your inbox
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.