This is the VOA Special English Economics Report. Both the World Bank and the International Monetary Fund expect the world economy to shrink this year for the first time since World War Two. As recently as January, the I.M.F. had predicted growth of...
This is the VOA Special English Economics Report. Leaders of the European Union met Sunday in Brussels to discuss measures to deal with the world financial crisis. But the emergency meeting showed growing divisions between western European countries...
This is the VOA Special English Economics Report. Copies of the budget plan at the Government Printing Office in Washington President Barack Obama on Thursday proposed his first budget to Congress. He wants to let the Bush administration's tax cuts...
This is the VOA Special English Economics Report. President Barack Obama has a plan to deal with a central cause of the economic crisis: America's troubled housing market. PRESIDENT OBAMA: Through this plan, we will help between seven and nine milli...
This is the VOA Special English Economics Report. In Washington this week, Treasury Secretary Tim Geithner announced new steps to rebuild trust in financial markets and restart the flow of credit. The plan, separate from President Barack Obama's eco...
This is the VOA Special English Economics Report. President Obama has accepted responsibility for problems involving his nominees for two important positions. On Tuesday, the President's choice to lead the Department of Health and Human Services wit...
This is the VOA Special English Economics Report. Many financial companies have moved to other New York streets. But Wall Street still holds its place in the language as the capital of American finance. Now Wall Street is being reshaped by the crisi...
This is the VOA Special English Economics Report. The Federal Reserve and other major central banks pumped extra money into financial markets on Thursday. The aim was to help calm investors and persuade nervous banks to lend to each other. President...
This is the VOA Special English Economics Report. This week, the government took control of America's two biggest housing finance companies. Fannie Mae and Freddie Mac are under conservatorship. This process of supervision will continue until the ne...
This is the VOA Special English Economics Report. Health care costs are a major concern of Americans. The percentage of people covered by private health insurance dropped last year. Yet more people had insurance than the year before. A nurse helps a...