Democrats say the new housing bill will help the housing market and the economy as a whole, but President Bush will sign reluctantly and against the wishes of many Republicans. Will lenders agree to restructure loans on homes facing foreclosure? Will backing Freddie and Fannie put taxpayers at risk? Also, a female suicide bomber kills dozens in Iraq, and Denver really wanted the Democratic National Convention, but there's a lot the city didn't count on--like a presidential candidate who can pull an audience of 80,000 people.
FROM THIS EPISODE
In the midst of a four-year low in violence, Iraq today was struck by four suicide bombers. Twenty-five were killed and 178 wounded by a suicide bomber in Kirkuk. In Baghdad, three women blew themselves up, killing a total of 32 and wounding 102. Ned Parker is reporting from Baghdad for the Los Angeles Times.
Many Republicans predicted worse catastrophes to come, but the Senate joined the House this weekend and passed a bill designed to rescue the faltering housing market. President Bush has promised to sign it, holding his nose because Treasury Secretary Paulson convinced him the economy can't do without it. Despite the promise of homeowner relief in an election year, 149 House Republicans voted "no." Forty-five went along. Is the bill a reward for risky investors at taxpayers' expense? Will backing Fannie Mae and Freddie Mac end up costing hundreds of billions of dollars? Did de-regulation go too far? Would re-regulation make things better or worse? Is the US looking at a full-scale recession?
Toby Eckert, Reporter, Congressional Quarterly
Mark Zandi, Moody's Analytics (@dismalscientist)
Brian Carney, Member of the Editorial Board, Wall Street Journal
Christopher Thornberg, Beacon Economics
The City of Denver worked hard to attract this year's Democratic convention, hoping to spotlight the new international airport, the new wing on the art museum and the light rail system that was key to reviving a faded downtown. Now there's a shortage of money, and the Denver daisies may not bloom on time. Nevertheless, the Democrats, the press and thousands of hangers on will arrive in Denver the last week of August. Nicholas Riccardi is Denver Bureau Chief for the Los Angeles Times.
Nicholas Riccardi, Reporter, Los Angeles Times
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Sifting through the ashes: Cleanup and questions after the fires Wildfire is all too familiar in the Golden State, but last week's record-setting blazes in Northern California left behind something new — more property damage over a wider area with more human casualties than ever before. We hear about likely causes, the struggle to clean up and the possibility of prevention.
Political dueling and the future of the ACA Uncertainty about the fate of Obamacare grows by the day, with key factors including bipartisanship in the Senate, opposition deeper than ever in Congress -- and a president who veers from one side to the other. We talk with Maryland's attorney general and others about what's at stake from the state house to the doctor's office.
Will the NFL find common ground on national anthem protests? National Football League team owners are meeting today to craft a unified message about political protest. Men and women athletes in other sports are protesting too. We hear how one man's refusal to stand for the flag has demonstrated the inseparable relationship between sports and politics.
Author Masha Gessen on the appeal of Putin and Trump Masha Gessen was born in Russia but emigrated with her parents to the United States. She returned in the early 1990s when political change was afoot. And since then, she’s become a leading observer - and critic - of Russian president Vladamir Putin. She fled Russia again in 2013. In this special podcast, Warren Olney talks with Gessen about her new book, The Future Is History: How Totalitarianism Reclaimed Russia .
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