As the debt default clock ticked down to midnight, the state of U.S. economy received even more coverage last week than the near collapse of Wall Street in September 2008.
For the week of July 25-31, the economy accounted for 52% of the newshole, almost all of it driven by the debt debate, according to the Pew Research Center’s Project for Excellence in Journalism.
This was the second-highest level of economic news recorded since PEJ began regularly monitoring the media with its News Coverage Index in January 2007. The only week with more economic coverage (and narrowly so, at 53%) was March 16-22, 2009, when the public was outraged to learn that bailed-out insurance giant AIG had paid millions in company bonuses.
Read the full report, Debt Drama Drives Economic Coverage to Near Record High, on the Pew Center for Excellence in Journalism Web site.