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Despite warnings of dire consequences to the economy, the U.S. Congress was slow to act to shore up the financial system. Perhaps one of the difficulties was convincing lawmakers in Washington, DC that the crisis needed immediate fixing because life in the nation's capital is somewhat insulated from sharp economic downturns. VOA's Brian Padden talked to business leaders in Washington who say confidence in the local economy is strong.
As U.S. lawmakers debate legislation aimed at rescuing America's financial system, people around the world are keeping a close eye on Washington and Wall Street. VOA's Robert Raffaele has reaction from world leaders and citizens.
People all across the country are suffering the fallout from Wall Street's financial H-Bomb. ANP producer David Murdock and McClatchy Newspaper journalist Tony Pugh have set out on a journey across America to see how the nation is coping.
While the financial crisis is like asthma or tuberculosis to the economy, a gasoline supply crisis could be terminal cancer! Matt Simmons has a perspective developed by looking at the data and recognizing the danger signals. According to the data, gasoline supply is back to where it was in August ...
Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. (Oct. 6)
Financial Crisis update, mortgage and financial market update