Albany, NY, Nov 15, 2011 — Governor Cuomo's budget office released some bad news yesterday. The state's budget gap is even bigger than expected, with a $350 million dollar shortfall for the current year and a $3.5 billion dollar gap next year.  Go to full article

Albany, NY, Oct 12, 2011 — State Comptroller Thomas DiNapoli says Wall Street is having another bad year--and he's saying that could have a negative impact on New York State's budget. In Albany, Karen DeWitt has the details.  Go to full article

Albany, NY, Oct 06, 2011 — Talking to reporters Thursday, Governor Andrew Cuomo expressed admiration and concern about the "occupy wall street" protests. He said he understands the "frustration" of the demonstrators--but admits the state depends on revenues from the financial industry to balance its budget. In Albany, Karen DeWitt has more:  Go to full article

Albany, NY, Aug 10, 2011 — Governor Cuomo says he's staying optimistic about Wall Street and the financial sector's future right now. Karen DeWitt reports the governor's saying he hopes the downturn will be just a "blip" on the screen.  Go to full article

Albany, NY, Aug 09, 2011 — State comptroller Tom DiNapoli says even after the big drop on Wall Street yesterday, he believes the state's massive pension fund can withstand market swings. Karen DeWitt has more from Albany.  Go to full article

Nov 25, 2008 — We've been hearing a lot about President-elect Barack Obama's economic team. They face some huge hurdles this winter, as they work to steady America's wobbly economy. As part of our series, A Fresh Start, we checked in with John Bogle, who spends much of each year in Lake Placid. In the 1970s, Bogle launched the Vanguard Group of investment funds. In recent years, he's emerged as one of the country's leading investment ethicists, authoring books that include The Battle for the Soul of Capitalism. Bogle told Brian Mann that Obama's first challenge will be speaking honestly with the American people and restoring consumer confidence.  Go to full article

Oct 08, 2008 — Federal Reserve chief Ben Bernanke said the financial crisis could prolong the difficulty that the economy is facing. Bernanke said he was confident the central bank's purchase of debt and the $700 billion bailout, approved by Congress last Friday, would help revive the nation's moribund economy. New York Senator Hillary Clinton voted for the bailout. Talking with Jonathan Brown, she explained why. Here's their full conversation.  Go to full article

Sep 24, 2008 — Lawmakers on both sides of the aisle reacted angrily and skeptically to the Bush Administration's $700-billion financial bailout plan yesterday. Democratic Senator Chris Dodd, who chairs the Senate Banking Committee that held yesterday's hearing, called the proposal "stunning and unprecedented in its scope and lack of detail." Republican Senator Jim Bunning of Kentucky called it "financial socialism." North Country Congressman John McHugh says he shares those concerns. But he says the bailout is necessary. The Republican told David Sommerstein many of the financial executives don't deserve saving.  Go to full article

Sep 24, 2008 — On a day when Wall Street was in free fall and politicians were debating bailout plans in Albany and Washington, Brian Mann headed to Main Street in Saranac Lake. He wanted to find out how real business-people are reacting to the financial crisis. He sent this audio postcard.  Go to full article

Sep 18, 2008 — The economic meltdown in New York City could have devastating repercussions here in the North Country. Across northern New York, local governments, including counties and school districts, are often the biggest employers. They provide crucial services from food stamps to education to health care. But much of the money that pays for those programs comes from taxes collected on Wall Street. Officials in Albany say the state revenue available to help local governments is drying up fast. Brian Mann spoke about the crisis yesterday with Stephen Acquario, head of the New York State Association of Counties.  Go to full article