Steve Inskeep talks with David Wessel, the economics editor of The Wall Street Journal, about the downward spiral of the economy and what it will take to turn things around.
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Fed Meets On Interest Rates, Rate Cut Expected
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...
Senate Votes Wednesday On Bailout
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...
Fed's AIG Takeover 'Like French-Style Capitalism'
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...
Fannie-Freddie's Fate Is Left To Next Administration
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...
How's The Economy Doing?
Wall Street saw a bit of a rally in bank stocks this week, but then a dismal report on the housing market sent stock prices down again. How is the economy doing? David Wessel, economics...
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