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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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Letters: Gingrich On Bailout
Most of the e-mails in response to Monday's show was about the interview with former House Speaker Newt Gingrich. He commented on the economic crisis and listeners had a range of responses.
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Paulson, Bernanke Lobby Senate Panel On Bailout
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are before the Senate Banking Committee Tuesday to urge senators to act quickly on the $700 billion bailout package. Democrats seem to be unfied over the plan but some Republicans are hostile towards it.
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Broadway Songs Teach A Wall Street Seminar
Broadway musicals of the 1960s were surprisingly good at explaining complicated economic matters. Before tourists took over the Great White Way, the "tired businessman" was the target audience. These four songs are particularly illustrative of the kind of vaudeville mixed with corporate-speak that the businessman favored.
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Broker Offers Advice To Investors
The current economic climate is prompting investors to ask where the economy is heading. Juli Niemann, an executive vice president at Smith Moore & Company in Saint Louis, says she's discouraging investors both from panic selling and from bargain buying at this point.
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Daniel Mendelsohn, Examining The 'Beautiful'
A classical scholar with a voracious appetite for high and low culture alike, he's dauntingly smart — but far too interested in why we love what we love to be a snob. Jacki Lyden talks to Mendelsohn about his new essay collection.
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Bush Puts New Focus On Bin Laden, Al-Qaida
NPR has learned that the Bush administration is pushing for increased military action along the Afghanistan-Pakistan border. The plan is part of an effort to kill or capture Osama bin Laden and other top al-Qaida leaders by the time the president leaves office.
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Ike Threatens Texas Oil Refineries
Hurricane Ike is storming toward the Gulf Coast of Texas — home to a quarter of the nation's oil refining capacity. As refineries shut down in anticipation of the storm, wholesale gasoline prices have shot up, despite crude oil prices falling to their lowest level in more than five months.
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Bob Woodward Details A White House Divided
The surge in Iraq is one of the issues that divides the presidential candidates, but Bob Woodward's new book, The War Within, reveals that it also divided the Bush administration and the military.
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What's The Future For Fannie & Freddie?
The government rescue of Fannie Mae and Freddie Mac sent mortgage rates plunging on Monday. Some bond investors say this is a positive first sign. But the future of these two mortgage financing giants depends on what happens when a new administration takes over in Washington.
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