Daily News Channel
It’s ugly, but it’s true: when a Washington power player looks set to fall, the capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he came before the House Ways and Means committee to testify Tuesday. It was his first major public appearance since his less than inspiring rollout Feb.
For months, customers and investors have wondered if their banks will survive. The government may soon give its opinion
The advocates for nationalizing U.S. banks have been out in force recently. Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance told ABC News that banks were in such deep trouble that government ownership of the institutions may be the only way to save the financial system
Surviving economically in downtrodden Elkhart, Indiana, may require doing some things you don’t want to do. “Here in Elkhart, I’ve never seen things as bad as they are,” lifelong resident Yvonne Sell said Tuesday. “When you open the newspaper, unless you want to be a topless dancer, there’s nothing.” Elkhart became the poster child for the nation’s economic downturn when President Obama visited there Monday and then mentioned it several times during his first White House press conference