Public radio’s longest-running daily global news program.
©2025 The World from PRX
PRX is a 501(c)(3) organization recognized by the IRS: #263347402.

Just as AIG announced a massive $62 billion loss this morning, the biggest quarterly loss in history, the government stepped in to provide an additional $30 billion in taxpayer money. This is the fourth time the government has stepped in to help AIG.
The federal government is stepping in to bailout AIG one more time. Just as the ailing insurance giant announced a massive $62 billion loss this morning, the biggest quarterly loss in history, the government stepped in to provide an additional $30 billion in taxpayer money. This is the fourth time the government has stepped in with money for AIG. This is the front page story from our partner the New York Times and it’s reported by Andrew Ross Sorkin, who joins us now.