david wessel

President-elect Barack Obama is expected to announce the top players on his economics team Monday. Among them is Tim Geithner, the president of the New York Federal Reserve Bank, as Treasury Secretary.

David Wessel, economics editor of The Wall Street Journal, says that pick would indicate Obama doesn't want to abruptly change the direction of the bailout.

The economic news just keeps getting worse. The stock market is at its lowest level in more than five years.

The number of homes being built continues its downward spiral. Retailers are predicting a miserable holiday season.

David Wessel, economics editor at The Wall Street Journal, talks with Steve Inskeep about whether the bottom is anywhere in sight.

The Federal Reserve is expected to cut interest rates Wednesday by at least a half-percentage point to 1 percent.

Economists believe the Fed will cut rates because of the current financial turmoil and fears that there might be a prolonged recession.

David Wessel, economics editor at The Wall Street Journal talks with Renee Montagne about the health of the economy.

There are increasing signs that frozen credit markets are thawing, and Federal Reserve Chairman Ben Bernanke says he could support another stimulus package.

David Wessel, economics editor of The Wall Street Journal, talks about whether another stimulus package can stave off a recession.

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Presidential hopefuls John McCain and Barack Obama debated the issues Tuesday night in Nashville, Tenn. Did they stick to the facts?

Co-host Steve Inskeep finds out from a team of reporters: NPR's Jim Zarroli, David Wessel of The Wall Street Journal, NPR's Julie Rovner, Richard Harris, Michele Kelemen and David Schaper.

Even though Congress passed the massive Wall Street bailout plan, the financial markets are distinctly unhappy.

The Dow Jones Industrial average finished below 10,000 for the first time since 2004. David Wessel, economics editor at The Wall Street Journal, talks with Steve Inskeep about what's upsetting the markets.

Wall Street and the White House were shocked when the House failed to pass the financial sector bailout plan.

Stock markets regained some ground Tuesday. The financial sector is hoping the Senate can pass a rescue package this week.

David Wessel, economics editor of The Wall Street Journal, says the trick will be to get the necessary votes in the House.

Lawmakers return to Capitol Hill Friday for more negotiations on the Wall Street rescue package. A deal in principal fell through Thursday.

David Wessel, economics editor at The Wall Street Journal, talks with Steve Inskeep about why the earlier deal broke down.

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The Federal Reserve said Tuesday it would lend American International Group $85 billion to help stave off a financial crisis worldwide.

In return, the government gets a major stake in the company. "It's almost like French-style capitalism here in the U.S.," says David Wessel, economics editor of The Wall Street Journal.

The Bush administration Sunday seized the two housing lenders that together own or guarantee about half the nation's home loans.

But the Treasury Secretary did not say what it thinks should happen next, says David Wessel, economics editor of The Wall Street Journal.

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