Patrice Hill
Articles by Patrice Hill
Barney Frank pledge reverses market plunge
Wall Street got rescued from another day of steep losses Tuesday by an unlikely source: House Financial Services Committee Chairman Barney Frank. Published May 25, 2010
Senate passes massive bank overhaul bill
The Senate on Thursday cleared remaining hurdles and easily passed a sweeping Wall Street reform bill, handing President Obama a victory even as a new financial crisis swept U.S. and global markets. Published May 21, 2010
Senate passes sweeping bank reform bill
The Senate on Thursday cleared the last hurdles and passed a sweeping Wall Street reform bill, handing President Obama a victory even as a new financial crisis swept U.S. and global markets. Published May 20, 2010
Financial reform clears Senate hurdle
The Senate voted 60-40 on Thursday afternoon to end debate on the financial reform bill, making it likely the sweeping measure will pass the Senate within days. Published May 20, 2010
Liberals, GOP block bank reform in Senate
The sweeping financial reform bill ran into a roadblock Wednesday as liberal Democrats said it did not go far enough to rein in Wall Street and Republicans condemned it as the latest "government takeover" of industry. Published May 20, 2010
Liberals, GOP block bank reform in Senate
Democrats say the sweeping financial reform bill does not go far enough, while Republicans decry a "government takeover." Published May 19, 2010
Conservatives oppose bailout in Europe
Conservative Republicans are trying to stop the United States from participating in the bailout of overindebted European countries through the International Monetary Fund. Published May 19, 2010
Conservatives oppose IMF bailout in Europe
Conservative Republicans are trying to stop the United States from participating in the bailout of overindebted European countries through the International Monetary Fund. Published May 18, 2010
Doubts linger about EU debt package
While last week's stunning $1 trillion rescue package for heavily indebted members of the European Union initially helped calm gyrating global markets, doubts resurfaced quickly over whether the plan will suffice to solve Europe's monumental financial problems. Published May 17, 2010
Doubts linger about European debt package
While last week's stunning $1 trillion rescue package for heavily indebted members of the European Union initially helped calm gyrating global markets, doubts resurfaced quickly over whether the plan will suffice to solve Europe's monumental financial problems. Published May 17, 2010
Fed aids European rescue plan
While Fed-bashing remains popular on Capitol Hill, legislators demonstrated once again this week how they depend on the central bank to fight financial fires like last week's market panic. Published May 13, 2010
Lawmakers slap the hand of Fed that saves them
While Fed-bashing remains popular on Capitol Hill, legislators demonstrated once again this week how they depend on the central bank to fight financial fires like last week's market panic. Published May 13, 2010
EU rescue package triggers rally in global markets
Global stock markets soared Monday as investors enthusiastically embraced a $1 trillion rescue package from the European Union and International Monetary Fund to stem the burgeoning crisis among Europe's heavily indebted nations. Published May 11, 2010
EU crisis revives memories of ‘08 crash
Just as the U.S. economic recovery was starting to gather momentum and create an impressive number of jobs, a new threat emerged last week with the European debt crisis exploding onto U.S. markets. Published May 10, 2010
Jobs up 290,000 in April; jobless rate 9.9%
The economic recovery strengthened and produced jobs for a fifth straight month in April, with the pace of job growth picking up to 290,000 from 230,000 in March, the Labor Department reported Friday morning. Published May 7, 2010
Greek debt crisis hammers Dow down 998 points
Greece's deepening debt crisis triggered a stock panic Thursday, with the Dow Jones Industrial Average plummeting by a record of nearly 1,000 points on fears that the crisis threatens the entire debt-burdened developed world. Published May 7, 2010
Markets dive on doubts about Greek aid
Global stock markets plummeted Tuesday on doubts that the European Union's $145 billion bailout package for Greece will keep the European debt crisis from spreading weakness around the world. Published May 5, 2010
Economy grew 3.2 percent in 1st quarter
The nation's economy this winter grew for a third straight quarter after suffering through the longest and deepest recession since the Great Depression, the Commerce Department reported Friday morning. Published April 30, 2010
Portugal’s economy might mimic Greece’s
The same market maelstrom that engulfed Greece this week and forced it into the arms of the International Monetary Fund poses a serious threat to Portugal and other heavily indebted European nations. Published April 30, 2010
Goldman on Senate hot seat for reform
Goldman Sachs executives on Tuesday resisted attempts by a Senate investigative subcommittee to use the firm as "Exhibit A" in the Democrats' drive to reform Wall Street practices. Published April 28, 2010
