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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.

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.

The Steinbeck classic was banned and burned in a number of cities, including Kern County, Calif. — the endpoint of the Joad family's fictional migration West. Rick Wartzman, the author of Obscene In The Extreme, says the ban was politically motivated.

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.

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.

Members of the Senate Banking Committee heard Tuesday from Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. Senator Richard Shelby of Alabama, the ranking Republican on the committee, says he won't vote for the plan the way it stands now. He believes it will have to be reconfigured to pass because there are too many unanswered questions.

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.