To the Point
A Hard Sell on Capitol Hill; Pakistan's Problems
The Bush White House today warns of economic "calamity" if Congress won't bail out Wall Street, but Ben Bernanke and Henry Paulson are facing a skeptical Congress. Also, an unmanned American drone has crashed in Pakistan, where anger rages over this weekend's terrorist bombing and the Army is battling militants. On Reporter's Notebook, North Korea says it's about to resume its nuclear weapons program.
By Warren Olney • • 1h 0m ListenThe Bush White House today warns of economic "calamity" if Congress won't bail out Wall Street, but Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson are facing a skeptical Congress. Also, an unmanned American drone has crashed in Pakistan, where anger rages over this weekend's terrorist bombing and the Army is battling militants. We hear from the UN and from Islamabad. On Reporter's Notebook, North Korea says it's about to resume its nuclear weapons program. What happened to progress toward disarmament?
Banner image: (L-R) Treasury Secretary Henry Paulson, Federal Reserve Board Chairman Ben Bernanke, Chairman of the Securities and Exchange Commission Christopher Cox, and director of the Federal Housing Finance Agency James Lockhart III, testifying yesterday before the Senate Banking, Housing and Urban Affairs Committee. Photo: Alex Wong/Getty Images
In this episode
3 storiesCongress Pushes Back on the Bailout
The Bush White House today warns of economic "calamity" if Congress won't bail out Wall Street, but despite the $700 billion price tag, the leading budget expert in Congress says there's no way to estimate the real cost.
Read the story22 minPakistan's President Visits the UN
An unmanned American drone has crashed in Pakistan, where anger rages over this weekend's terrorist bombing and the Army is battling militants. This weekend's massive explosion that killed 53 people at Islamabad's Marriott Hotel has increased fears of terrorism.
Read the story20 minNorth Korea Says It Will Re-Start Nuclear Plant
After dismantling its plutonium-making reactor and blew up the main cooling tower at Yongbyon, North Korea expected to be removed from the US list of countries that support terrorism. That hasn't happened. Now, at Pyongyang's request, the International Atomic Energy Agency has removed seals and surveillance cameras from Yongbyon.
Read the story20 min
