Passing the bailout bill would provide quick stability to Wall Street, right? Maybe some day down the road, but certainly not on Monday. After major sell-offs around the world, the Dow Jones, Nasdaq and S&P are all being consumed by an avalanche of selling. What is behind this bearish attitude? How long will it last? And how can we snap out of it? That’s what we ask Brian Wesbury, former Chief Economist for the Joint Economic Committee of Congress. He is noe Chief Economist at First Trust Advisors in Lisle, Illinois.
We have the top news at the end of the week! How big of a margin did we seeing in passing the bailout bill in the House? What is the reaction from President Bush and Congressional leaders? Why did some still vote no? And what comes next as Congress tackles the financial crisis? We bring you the latest details on all of those questions as we discuss the top news for Friday, October, 3, 2008.
The House passed the bailout bill, but did Wall Street like it? What’s the latest news with troubled banks Wachovia and Washington Mutual? And what were the highlights from Thursday night’s vice presidential debate? We discuss it all in the rest of our top news.
So is there a clear front-runner in the presidential race after two conventions, two debates and a major financial crisis? Not yet according to the latest numbers from Zogby international. So what are the latest numbers? How many people are still undecided? And how does that electoral map look right now? That’s what we ask Fritz Wenzel, Director of Communications at Zogby international.
After being overshadowed by coverage for Republican vice presidential hopeful Sarah Palin, Sen. Joe Biden finally got a national television audience Thursday night. But the Capitol Steps say that’s not good enough. This week they bring us brand new music with “You Just Can’t Hide That Biden Guy.”
By most accounts, Gov. Sarah Palin’s performance in Thursday’s vice presidential debate was a boost for the Republican ticket. So what was impressive about Palin? What did Palin need to show voters and did she accomplish that? And how can the GOP ticket use the issue of the economy to its advantage? We ask all these questions to Republican National Committee Co-Chair Jo Ann Davidson.
On Friday, the House of Representatives reversed course and passed a revised version of the $700 billion bailout plan by a vote of 263-171. Texas Rep. Kevin Brady says he doesn’t like this plan but believes it’s the best option available to lawmakers right now. Listen to Brady explain his tough decision and how conversations with his constituents convinced him to vote in favor of the legislation.
How optimistic is President Bush that the second time is the charm for House passage of the bailout bill? What are the presidential candidates saying about their support for the bill in the Senate? What explanations are we hearing from the few senators who voted against the updated plan? And what is House Speaker Nancy Pelosi saying about the significance of Friday’s vote? Listen here for the latest details on all of these major stories for Thursday, October 2, 2008.
How did the markets fare on Thursday after Senate passage of the bailout bill and investors await the verdict in the House? What can we expect from Sarah Palin and Joe Biden in tonight’s vice presidential debate? Which Midwestern state is being abandoned by the McCain campaign? We answer all of these questions in this section of Thursday’s top news. Listen now!
There is no consensus among House Republicans or Democrats about whether supporting the revised bailout bill is the right thing to do. What about the taxpayers? Should you support or oppose this plan? How much will it squeeze taxpayers? Will you get your money back and possibly even more or does history show otherwise? And what about all the additions tacked on by the U.S. Senate? Are those reasons to like the bill or line up in opposition? We ask Pete Sepp, Vice President for Communications at the National Taxpayers Union.