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FROM THIS EPISODE

President Obama and Britain's Prime Minister Brown today renewed "the special relationship." But will they get the cooperation they want from the rest of the world?  We get a preview of the G-20 summit and the likelihood of resolving the global financial crisis. Also, Obama and Medvedev discuss reduction of nuclear warheads, and the Obama Justice Department wants last year's conviction of Alaska's former Republican Senator Ted Stevens thrown out.


Banner image: President Barack Obama and his wife Michelle meet her Majesty the Queen and the Duke of Edinburgh at private meeting in Buckingham Palace. Photo: Daniel Hambury/News Team International/Crown Copyright

Producers:
Gary Scott
Andrea Brody
Frances Anderton

Making News Obama and Medvedev Discuss Reduction of Nuclear Warheads 5 MIN, 55 SEC

After a closed-door meeting today, President Obama and Russia's President Medvedev agreed in brief statements that relations between the two countries have been allowed to “drift.” They agreed to cooperate on a broad range of issues, including reduction of nuclear weapons. Michael Scherer is White House correspondent for Time magazine.

Guests:
Michael Scherer, Time Magazine (@michaelscherer)

Main Topic What's Next for International Capitalism? 35 MIN, 41 SEC

Barack Obama met Queen Elizabeth today, as protests turned violent on the streets of London. The leaders of 20 countries are preparing to meet on the global financial meltdown, and the eyes of the world are on the new President of the United States. Obama and Britain's Prime Minister Gordon Brown are calling for unified action, but France and Germany, Eastern Europe and the nations of Asia all have their own ideas. Can they agree on the need for economic stimulus, increased regulation or more money for the International Monetary Fund? Can Obama lead the way out of a crisis that started here and infected the rest of the world?

Guests:
Mary Dejevsky, The Independent
Wolfgang Munchau, Associate Editor, Financial Times
Arvind Subramanian, Senior Fellow, Peterson Institute for International Economics
Brad Setser, Fellow for Geoeconomics, Council on Foreign Relations

Reporter's Notebook Justice Department Drops Charges against Alaska Senator Ted Stevens 7 MIN, 30 SEC

Last October, Senator Ted Stevens was convicted on seven counts of making false statements to hide gifts and home renovations. A week later, the 85-year-old who had served in the Senate longer than any other Republican, lost his bid for reelection. Today, Attorney General Eric Holder asked the judge in the case to throw out the conviction. Mark Silva is Washington correspondent for the Chicago Tribune and the Los Angeles Times.

Guests:
Mark Silva, White House Correspondent, Los Angeles Times and Chicago Tribune

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