The chairman of the Federal Reserve Ben Bernanke warned today that an economic recovery will not come overnight. But he said federal officials are using every resource to stabilize the financial markets. NPR's Jim Zarroli reports. Speaking to the Ec...
The federal government, albeit reluctantly, has gotten into the banking business, announcing it would inject 250 billion dollars directly into some of the nation's largest financial institutions. Richard Sylla is an economics professor and financial...
After plunging 18% for the five days ending last Friday, the Dow and the other major stock market indices were back to life today, regaining 11% of their losses. For the Dow Jones Industrial Average, it was the single biggest one day point gain by a...
Stock futures in the US are moving higher this evening in advance of the opening of Asian markets. Investors will be assessing the latest government moves to deal with the global financial crisis. At a summit in Paris today, leaders of the 15 nation...
Treasury Secretary Henry Paulson is briefing representatives of the so called G-20 including the world's richest nations and the largest developing nations on the steps being taken by the US and other countries to restore confidence in the global fi...
Treasury Secretary Henry Paulson announced today the administration will move ahead with a plan to buy up stock in financial institutions. The treasury secretary, who met today with finance ministers from the group of seven industrialized nations an...
Stock prices fell sharply in the final half hour of trading today because of continued fears about the banking and auto industries. The Dow Jones Industrial Average lost 7.3% of its value today. NPR's Jim Zarroli reports. Prices were down throughout...
Global financial markets remain severely strained according to Treasury Secretary Henry Paulson who said it underscores the need for fast action on the part of government officials. Paulson said, however, in terms of allocating the 700 billion dolla...
If you received a quarterly statement from your retirement fund over the past few days, chances are it showed large losses. And testifying today on Capitol Hill before the House Education and Labor Committee, the head of the Congressional Budget Off...
Stock prices plunged again in the United States, taking a lead from overseas markets today. The Dow Jones Industrial Average finished below 10,000 for the first time since October of 2004. NPR's Jim Zarroli has more. The Dow dropped nearly 8% at one...
The latest financial bailout comes not in the US but in Germany where government officials and private banks have agreed on a 69-billion-dollar deal to save lender Hypo Real Estate. Diane Swonk, Chief Economist with Mesirow Financial says there are...
European leaders are pledging to do all they can to curtail the credit crisis that is spreading globally from the US. The announcement came after a meeting in Paris concerning the financial crisis. The BBC's Alasdair Sandford reports from Paris. As...
The House passed a reworked version of the government's financial bailout plan early this afternoon. Speaking outside the White House today, President Bush applauded the action. NPR's Yuki Noguchi has more. President Bush thanked House Speaker Nancy...
Alaskans are heading home early from work tonight to catch the vice presidential debates set to begin in about two hours from now. Sarah Palin's nomination has revealed more about the governor than most Alaskans ever knew. NPR's Elizabeth Arnold rep...
Senate lawmakers are moving toward a vote tonight on a revised 700-billion-dollar financial rescue plan, though from the floor debate it's clear there are lawmakers who continue to have reservations. Vermont independent Senator Bernie Sanders said t...
