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McCain Hopes To Shine In Town Hall-Style Debate
The presidential election is exactly one month away, and Republican John McCain appears to be behind in the polls. Surveys suggest that Democrat Barack Obama is approaching the 270 Electoral College votes needed for victory. The two candidates will meet Tuesday in Nashville, Tenn., for a town hall-style debate.
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Bailout Critics Say It Won't Fix Underlying Problem
What do a left-leaning billionaire and a former top economic adviser for President Bush have in common? They both think stabilizing home prices is the key to fixing the financial crisis. Investor George Soros and Glen Hubbard, former chairman of the Council of Economic Advisers, want the government to help refinance vast numbers of mortgages to help homeowners.
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Songs For Joe Biden
On Wednesday, All Things Considered played a few songs making the rounds online about the presidential and vice presidential candidates. Not many songs about Joe Biden could be found. That prompted a couple of listeners to send in songs about Biden.
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House Gets Another Turn At Passing Bailout Bill
The Senate passed the Wall Street rescue plan Wednesday by a significant margin. Presidential hopefuls Barack Obama and John McCain were among the 74 senators who approved the bailout. The legislation moves to the House, where party leaders are more confident it will pass this time due to tax breaks added to the $700 billion plan.
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How Different Is Senate Version Of Bailout Bill?
The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.
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New Poll Looks At Election, Palin, Bailout
A new poll out from the Pew Research Center examines the presidential race, opinion on Republican vice presidential candidate Sarah Palin and the bailout package. Andy Kohut of Pew Research Center says the public is divided on the bailout plan, Obama is leading in the polls and Sarah Palin's numbers are down.
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Failure Of Bailout Bill Recapped
The U.S. House has rejected a $700 billion bailout of Wall Street. The rejection is a blow for the Bush administration and for congressional negotiators who backed the deal. The Dow Jones industrial average closed down more than 770 points on the news.
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House Rejects Bailout Bill
The U.S. House has rejected the $700 billion Wall Street bailout plan, ignoring calls for quick passage from the Bush administration and a bipartisan line of congressional leaders. Stocks started to plunge before the final gavel.
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Senators Skeptical Of Bailout Package
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke testified before the Senate Banking Committee Tuesday about the $700 billion rescue plan for the financial sector. They stressed that it was urgent that lawmakers pass the bill this week. Many committee members were not swayed.
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Paulson, Bernanke Face Skepticism In Congress
On Capitol Hill, Treasury Secretary Henry Paulson tried to sell his rescue plan for financial institutions. Joined by other top finance officials, he defended the $700 billion request to buy bad debt. They faced some skepticism from senators.
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