Aug 1, 2012 The Federal Reserve wraps up a two day meeting today in Washington. And the big question -- yet again...will be: Is the Fed ready to launch some new economic stimulus, in line with its mandate to help the country reach full employment?
Jul 23, 2012 Former TARP Inspector General Neil Barofsky talks about his new tell-all, "Bailout," on what went on during the height of the financial crisis.
Jul 24, 2012 The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
Jul 11, 2012 In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Heidi N. Moore
Jun 21, 2012 Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy-- at least just yet. That has a ripple effect on commodities like oil.
Heidi N. Moore
Jun 20, 2012 The Fed will wrap up a meeting today in Washington, and the expectation is that policymakers will launch more monetary stimulus to boost the economy.
Jun 11, 2012 European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Jun 11, 2012 Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Jun 11, 2012 Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?