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After a weekend of international economic diplomacy, stocks are
Wall Street's getting most of the blame for the economic crisis. We consider the role of Main Street. Also, world markets swings widely as financial ministers meet, and the Nobel Peace Prize goes to Finland.
The world's central banks coordinated a cut in short-term interest rates yesterday, as the US treasury considers buying stake in banks. Can countries cooperate further to restore confidence in the global economy? Will mutual interests overcome national rivalries? Will international finance meetings provide relief in the next few days? Also, will eligible voters be kept away from the polls?
Since Obama and McCain won their respective nominations, the economic crisis has created a new set of problems for American voters. Did the candidates propose new solutions in last night's debate or fall back on familiar promises? We hear from supporters on both sides and from observers in some of the critical battleground states. Also, central banks cut rates in a global show of force, and another battle between the courts and the Bush Administration over prisoners at Guantánamo Bay.
State governments are normally safe investments during tough times. They borrowed big in the recession of 2001, but this time around, billions of dollars might not be available for schools, local governments and police. Also, with a month to go until election day, we preview tonight's McCain-Obama debate.
As both campaigns turn increasingly negative, Obama and McCain will be answering questions tomorrow night from undecided voters. We look at what they're saying about the role of government and what chance either has of making good on his promises. Also, the Dow falls bellow 10,000 for the first time in four years, and the US Supreme Court is back in session, with a lot of work ahead and five members over the age of 70.
Congress has reversed itself and passed what's now called "economic
Sarah Palin has fired up the base of the Republican Party, but after
As the Senate prepares to vote tonight on the Wall Street rescue,
Populist anger from both the Left and the Right had a lot to do with the Wall Street rescue's failure in Congress. Both presidential candidates say they know it's unpopular, but they agree that it's time for action. We hear arguments for and against intervention now. Also, a big surprise for pirates on the high seas off Somalia.
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