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  • Stocks are down sharply after the House of Representatives rejected a $700 billion bailout of Wall Street. At one point, the Dow Jones industrial average was down more than 700 points.
  • 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.
  • Actor Bryan Cranston recently won the Emmy for outstanding actor in a drama series for his performance in the AMC's Breaking Bad. Cranston plays a high-school chemistry teacher who begins producing crystal meth after being diagnosed with cancer.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Both presidential candidates John McCain and Barack Obama have offered their own plans for fixing the troubles on Wall Street. Syndicated columnist and author David Sirota offers analysis on their plans.
  • John McCain's chief economic adviser, Douglas Holtz-Eakin, says the Republican candidate wants to revamp the patchwork of regulations that govern economic transactions. McCain is not in favor of more regulation, he says, just uniformity.
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