Oct 29 Watch Fed Makes Aggressive Rate Cut in Bid to Loosen Credit Markets In a new move to stem the impact of the financial crisis, the Federal Reserve cut the federal funds rate by half a percentage point to 1 percent Wednesday. Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses… Continue watching
Sep 23 Watch Firms’ Soaring Credit Debt Prompted Federal Rescue Unmanageable loans and debt of firms like Lehman Brothers, Fannie Mae, Freddie Mac and AIG led to declines in their credibility and the end of growth based on credit. Paul Solman explains how these giants lost control of their finances… Continue watching
Sep 09 Watch Senators React to Freddie Mac, Fannie Mae Rescue Plan After the U.S. Treasury's decision to take over mortgage giants Fannie Mae and Freddie Mac, Senate Banking Committee members Chris Dodd, D-Conn., and Richard Shelby, R.-Ala., provide Congressional perspective on the rescue plan and assess the road ahead. Continue watching
Jul 24 Watch Housing Rescue Bill Awaits Senate, but Questions Linger A hotly-debated housing bill aimed at helping struggling homeowners and shoring up Fannie Mae and Freddie Mac is next headed for the Senate. Sens. Chris Dodd, D-Conn., and Richard Shelby, R-Ala., discuss the details. Continue watching
Jul 17 Watch Fannie Mae CEO Defends Mortgage Giant’s Stability Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial… Continue watching
Jul 15 Watch Continued Economic Concerns Draw Attention on Hill Amid signs of continued economic distress, President Bush and the nation's top economic policymakers fanned out across Washington, seeking to reassure roiling markets, skittish investors, and a worried public. Ray Suarez wraps up the latest economic news. Continue watching
Jul 14 Watch Treasury, Fed Propose Safety Net for Mortgage Giants Congress must soon decide on a U.S. Treasury-Federal Reserve measure to save mortgage giants Freddie Mac and Fannie Mae from further crisis. An economics editor and House Financial Committee members weigh the options. Continue watching
Mar 31 Watch Broad New Oversights Pitched for Ailing Financial Systems In the wake of the subprime mortgage crash and the bailout of a prominent U.S. investment firm, Treasury Secretary Henry Paulson on Monday outlined an administration proposal for increasing the regulation of financial institutions and markets. A Treasury official and… Continue watching
Mar 28 Treasury Calls for Sweeping Oversight Changes By PBS News Hour The Bush administration unveiled the most sweeping plan to overhaul the U.S. financial regulatory system since the Great Depression on Monday, but admitted that the next president's administration will need to hammer out many details with Congress. Continue reading
Jan 22 Fed Slashes Key Rate as World Markets Tumble By Admin, PBS News Hour After many world financial markets suffered their biggest losses Monday since the Sept. 11 terrorist attacks, the Federal Reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday -- its biggest cut in more than 23… Continue reading