Congress is mulling over a $700 billion bailout of the financial industry. The Bush administration defends its call for such a huge price tag. Democratic leaders want to change the Bush plan before approving it. What are the latest developments in the effort to boost confidence and solve some of the problems afflicting our economy? That’s what we discuss in Dateline: Washington’s top news for Monday, September 22, 2008.
Archives for September 2008
What are economic experts saying about the huge federal bailout plan to shore up the nation’s economy? How are the markets reacting to this turmoil? What are John McCain and Barack Obama saying to convince voters they would be the best stewards of our economy? And what’s the latest on the terrorist attack in Pakistan? Those answers and more in this news segment on Dateline: Washington.
While the Bush administration demands swift Congressional action on the $700 billion bailout plan and Democrats on Capitol Hill make some demands of their own, what would actually make the most sense? What long term good and long term problems could be on the line here? And will this episode lead to a thorough review of government regulation or the piling on of more regulations than we can count? We ask all these questions to Terry Jones, Associate Editor of Investor’s Business Daily.
Congress is now mulling over the Treasury Department’s $700 billion. President Bush wants the plan passed into law this week, but Democratic leaders are pushing a number of alternatives before giving bush what he wants. So what kind of haggling is going on? Is this a good thing at all for the taxpayers? And what would be the best and worst possible provisions? We ask New Jersey Rep. Scott Garrett.
Iranian President Mahmoud Ahmadinejad is back in America for another opening session of the United Nations General Assembly. Will he be outrageous and defiant or will he once again try to work the charm offensive? And what did we learn about the Iranian nuclear program from the latest UN report that is very critical of the terrorist-sponsoring regime? We ask Alireza Jafarzadeh, the man who first warned the world of Iran’s nuclear weapons ambitions.
Nearly 60 people were killed in Islamabad, Pakistan, over the weekend after a terrorist strike against the Marriott hotel in the capital city. The president and prime minister of Pakistan were not among the dead, due largely to a last minute change in plans for the two leaders as they ended the Ramadan fast. So how was this attack carried out? Does it show the terrorists are afraid of the new government? Or that terrorists have infiltrated the government? We ask all these questions to Daveed Gartenstein-Ross, Vice President of Research at the Foundation for the Defense of Democracies.
Start your weekend by taking a quick listen to the biggest news! Listen here to learn how the government is moving in an effort to shore up the nation’s financial institutions and how the markets are reacting to the strategy. You’ll also learn how John McCain and Barack Obama are reacting to these major developments.
Hundreds of billions of taxpayer dollars are being spent to stabilize Wall Street after one of the most chaotic stretches in recent history. And so far investors like what the Federal Reserve and Treasury Department are doing.
But what exactly is the plan and why do so many people think this is a good idea? Listen to Greg’s interview with economist Bill Beach of the Heritage Foundation.
Even if this is the right plan, should the Fed Chairman and the Treasury Secretary have the power to just announce half a trillion dollars in federal assistance? Minnesota Rep. Michele Bachmann talked with Greg about her efforts to give Congress a pivotal voice on the government’s response to this crisis.
The mess on Wall Street dominated the headlines and the presidential campaign this week. Both John McCain and Barack Obama said they would make sure such collapses and breaches of the public trust would never happen on their watch. So which candidate gained traction this week and which one is playing catch-up?
Listen to Greg’s interview with Professor Larry Sabato from the University of Virginia.
On Wednesday, Israeli Foreign Minister Tzipi Livni won the ruling party primary and is poised to become the next prime minister. What should be her top priorities? What kind of partnership would she want with the United States? And how far is she willing to negotiate with the Palestinians?
Listen to Greg’s interview with Middle East expert Josh Goodman for the answers to these and other critical questions.