Wednesday, April 15, 2015
Friday, October 18, 2013
This round of budget clashes are over (for now), but how should we assess the damage done by these regular crises? Bob talks with Reuters financial blogger Felix Salmon who says that the real story of these political battles is the slow motion, irreversible damage they're doing to America's financial standing.
Thursday, October 17, 2013
Congress still has to reach a long-term plan for taxing and spending policies, and once again come to an agreement on raising the debt ceiling in 2014. Otherwise, the Treasury Department will be unable to pay its bills. W. Michael Blumenthal, former Treasury Secretary and author of the new memoir, “From Exile to Washington: A Memoir of Leadership in the Twentieth Century,” reflects on the nation's fiscal climate and his own time in office.
Friday, September 13, 2013
Joe Berlinger, director of the documentary “Hank: 5 Years from the Brink,” a portrait of Hank Paulson, Secretary of the Treasury and former CEO of Goldman Sachs. For three weeks in September 2008, Paulson was the one person charged with preventing the collapse of the U.S. economy, and he tells how he worked to persuade banks, Congress, and presidential candidates to sign off on nearly $1 trillion in bailouts—even as he found the behavior that led to the crisis, and the bailouts themselves, morally reprehensible. “Hank: 5 Years from the Brink” is available exclusively on Netflix September 16.
Monday, September 09, 2013
Juan Zarate, former senior Treasury and White House official explains how America has been waging financial warfare against the financial networks of rogue regimes, proliferators, terrorist groups, and criminal syndicates. In Treasury’s War: The Unleashing of a New Era of Financial Warfare, he details how a small group of officials have used the Treasury to apply financial pressure against America’s enemies and play critical role in the geopolitical challenges facing the United States, including terrorism, nuclear proliferation, and the regimes in Iran, North Korea and Syria.
Tuesday, July 24, 2012
Neil Barofsky, the man put in charge of the Troubled Asset Relief Program (TARP), thought the Bush and Obama Administrations wanted a tough regulator. As Barofsky tells it, he couldn't have been more wrong.
Friday, July 15, 2011
China is weighing in on U.S. lawmakers' failure to make any meaningful progress on the government debt limit, during increasingly tense budget talks in the White House. China holds more than $1 trillion in U.S. Treasury securities, and a failure to reach a debt agreement would result in a credit downgrade for the United States, and devalue China’s holdings.
Thursday, July 07, 2011
Yesterday, our partner The New York Times reported that the United States Treasury Department is printing far less cash than it had been in recent years. Production of dollar bills fell to a modern low last year, the number of $5 bills rolling off the presses dropped to its lowest level in 30 years, and the Treasury did not print any $10 bills at all. As the number of places that don't accept cash at all increases — Internet retail sites, in-flight purchases on airlines, and certain New York restaurants fall into that category — it would seem that cash is in decline. With no quantifiable data to support this, however, we can only speculate. Do you find yourself using cash less and less, and opting for credit instead?
Monday, October 19, 2009
This month, the U.S. Congressional Oversight Panel released a new report that looks at how effective goverment efforts have been at stemming the tide of foreclosures. It questions whether the U.S. Treasury's strategies will lead to permanent mortgage modifications for many homeowners, and expresses concern about the limited scope and scale of the Making Home Affordable program.
We talk with the chair of the panel, Elizabeth Warren, and Brian Murphy, who knows from first-hand experience the difficulties of modifying a home loan .
Thursday, October 15, 2009
Yesterday the Dow Jones Industrial Average closed above the symbolic threshold of 10,000. New York Times finance reporter Louise Story says the news is interesting, but it doesn't say much about the overall health of the economy. Something that might: the banking sector. Also joining the conversation is New York Times economics correponsdent Edmund Andrews with a look at how the U.S. Treasury wants some bailed-out banks to start paying back their loans.
Monday, October 05, 2009
We speak with Louise Story, finance reporter for The New York Times, about new findings that say the Treasury Department may have misled the country when it declared some of the nation's largest banks "healthy."
Monday, July 13, 2009
Monday, June 01, 2009
For more on Geithner's visit to China, watch the video below.
Monday, June 01, 2009
—New York Times international business editor Marcus Mabry on U.S. relations with China
Thursday, May 07, 2009
For more from Elizabeth Warren, click here for her interview on personal finance
Which banks will need more money? See our report card
Monday, May 04, 2009
Friday, April 24, 2009
For more, read Eric Dash's article, U.S. to Tell Big Banks the Results of Stress Test, in today's New York Times.