Bank bailout faltering, and more
The billions of federal dollars funneled to the nation’s banks aren’t trickling down to businesses and consumers, experts testified this week.
Bank bailout faltering
The billions of federal dollars funneled to the nation’s banks aren’t trickling down to businesses and consumers, experts testified this week. In the first hearing of a panel appointed by Congress to monitor the $700 billion bailout, bankers, economists, and officials described the toll the credit crunch was taking on families and businesses. “There is little evidence of what effect these billions of dollars are having on us,” said panel chairwoman Elizabeth Warren.
Tobacco lawsuits advance
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The U.S. Supreme Court this week voted 5–4 to allow smokers of so-called light cigarettes to sue tobacco companies for deceptive advertising. The Federal Trade Commission argued that cigarette makers have long known that cigarettes advertised as “ultra light” or “low tar” are no safer than regular cigarettes, yet their ads have implied that they were less risky.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
'Less is more' in The Fifth Step
The Week Recommends Jack Lowden from Slow Horses is 'staggeringly good' in this new production at London's @sohoplace
-
Chessboxing: the unique sport becoming a global hit
Under the Radar The sport involves a full game of chess interspersed with rounds of boxing
-
Crossword: May 29, 2025
The Week's daily crossword