FROM Edmund Andrews
Obama Interrupts Vacation to Ask Bernanke to Stay on at Fed Just as Wall Street opened for business today, President Obama announced his decision to nominate Ben Bernanke to a second term as Chair of the Federal Reserve. Interrupting his vacation on Martha’s Vineyard, the President credited Bernanke’s “bold action and out-of-the-box thinking has helped put the brakes on our economic freefall.” Edmund Andrews reports for the New York Times .
The Presidential Candidates on the Economy A front-page headline in today's New York Times says, " Parties Differ on Whom Economic Aid Should Help ." But the story goes on to say that when a presidential campaign coincides with both a Wall Street crisis and soaring home foreclosures, "traditional ideological battles… become blurred." Barack Obama and Hillary Clinton have unveiled government rescue plans for homeowners at costs of about $30 billion. John McCain says it's "not the duty of government to bail out and reward," but he supports the Federal Reserve's plan to lend banks and investment firms up to $400 billion. Are the parties as different as the rhetoric makes them sound? Why is Wall Street contributing more to Obama and Clinton than McCain?
Bernanke Leaves Door Open for Further Rate Cuts "The economic situation has become distinctly less favorable" and "the risks to this outlook remain on the downside." That the grim commentary today from Federal Reserve Chair Ben Bernanke, testifying before Congress. Edmund Andrews writes about economics for the New York Times .
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?