After bailout bill fails, Treasury Secretary Paulson goes back to drawing board
Treasury Secretary Henry Paulson came into office two years ago (after tenure as CEO of Goldman Sachs) with an ambitious plan to remake the U.S. economy and tackle thorny problems like privatizing Social Security. Instead, he’s become the Bush administration’s point man and chief spokesman on a series of historic government interventions in the economy ? including yesterday’s failed $700 billion dollar bailout proposal for Wall Street. Guest: Sundeep Reddy, economics reporter for the Wall Street Journal
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.