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As U.S. Lends Billions, Is Spending Sustainable?

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As U.S. Lends Billions, Is Spending Sustainable?

Economy

As U.S. Lends Billions, Is Spending Sustainable?

As U.S. Lends Billions, Is Spending Sustainable?

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  • <iframe src="https://www.npr.org/player/embed/102565926/102565921" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

In recent months, the U.S. government provided $17 billion to the country's ailing automobile industry, and $700 billion to bailed-out banks and insurance companies.

Congress passed a $789 billion economic stimulus plan, and they're debating a $3.6 trillion budget.

Guests:

Ted Koppel, NPR news analyst

Rep. Barney Frank, (D-MA), chairman of the House Financial Services Committee