"Patriotic Millionaire" Says Rich Americans Save Too Much

Dr. Rob Johnson of Patriotic Millionaire, an organization that urges taxing the wealthy, told the Congressional Progressive Caucus Wednesday that millionaires are saving mass amounts of money instead of helping the economy by spending it on real goods and services.

Johnson is also a Senior Fellow and Director of the Project on Global Finance at the Roosevelt Institute. (0:27)

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Frank: Don't Lend Money You Don't Have

Rep. Barney Frank (D-Mass.) says risk retention in mortgage loans is necessary as a means of preventing mortgage lenders from making loans on capital they don’t have. (0:44)

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Frank: Rotten System Needs Risk Retention

Rep. Barney Frank (D-Mass.) says that risk retention is necessary to keep tabs on lenders and to ensure a “rotten system” is checked and balanced. (1:00)

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Frank: Republicans Are Setting Up An Economic Catch-22

Rep. Barney Frank (D-Mass.) criticizes Republicans for setting up an economic catch-22 by under-funding financial regulatory committees. (0:51)

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Frank: America Is A Leader In Setting New Economic Standards

Rep. Barney Frank (D-Mass) tells reporters Monday that America is paving the way for a good international set of standards that will govern the economy. (0:52)

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Barney Frank Discusses Orgins of Financial Crisis

Rep. Barney Frank (D-Mass.), Ranking Member of the House Financial Services Committee, describes the impact of an interconnected economy and how it contributed to a financial crisis worse than the Great Depression.(0:26)

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Geithner: Public Investment Key To Economic Recovery

Speaking at the Council on Foreign Relations this morning, Treasury Secretary Timothy Geithner says that investing in long term fundamentals such as education and infrastructure will be important in promoting potential growth in the future. 

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Geithner Encouraged By Recovery

Speaking at the Council on Foreign Relations this morning, Treasury Secretary Timothy Geithner says despite the state of the housing market and high unemployment, the economy is healing and gradually getting stronger.

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Undervalued Chinese Currency Will Self Correct, Says Geithner

In a speech regarding U.S.-China economic relations, Treasury Secretary Timothy Geithner warned of China’s unsustainable undervalued currency during remarks at Johns Hopkins University on Wednesday. His talk comes a week before a meeting between President Obama and Chinese President Hu Jintao.  (0:15)

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China Must Shift from Exports to Domestic Consumption, Says Geithner

In a speech regarding U.S.-China economic relations, Treasury Secretary Timothy Geithner warned of China’s unsustainable undervalued currency during remarks at Johns Hopkins University on Wednesday. His talk comes a week before a meeting between President Obama and Chinese President Hu Jintao.  (0:14)

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Washington Needs To Focus On U.S. Priorities Before China's, Says Geithner

In a speech regarding U.S.-China economic relations, Treasury Secretary Timothy Geithner warned of China’s unsustainable undervalued currency during remarks at Johns Hopkins University on Wednesday. His talk comes a week before a meeting between President Obama and Chinese President Hu Jintao.  (0:12)

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Economic Security Tied to National Security, Says Geithner

In a speech regarding U.S.-China economic relations, Treasury Secretary Timothy Geithner warned of China’s unsustainable undervalued currency during remarks at Johns Hopkins University on Wednesday. His talk comes a week before a meeting between President Obama and Chinese President Hu Jintao.  (0:16)

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Undervalued Currency Threatens China's Growth, Warns Geithner

In a speech regarding U.S.-China economic relations, Treasury Secretary Timothy Geithner warned of China’s unsustainable undervalued currency during remarks at Johns Hopkins University on Wednesday. His talk comes a week before a meeting between President Obama and Chinese President Hu Jintao. (0:14)

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Business Owners On Hiring Freeze Because Of Unpredictable Health Care Bill, Says Lawmaker

Rep. Dan Lungren (D-Calif.) says that business owners are afraid to hire new employees because of the unpredictability of the health care bill. (0:14)

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Confidence In Economy Is Rising, U.S. Economy Is Progressing, Says President’s Economic Advisor

"Recovery will take time and history suggests that there will be setbacks along the way," said Lawrence Summers, Director of the National Economic Council and Assistant to the President on Economic Policy, but "the pervasive sense of fear of six months ago has receded" and "the American economy is again progressing." (0:45)
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McCain campaign says Obama will 'Europeanize' the American economy

Nancy Pfotenhauer, Senior Policy Adviser for the McCain-Palin campaign, believes Senator Barack Obama's (D-Ill.) tax plan is a 'europeanization' of the American economy, and will not work. (0:43)
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