FROM James Politi
Fed to Hold Pivotal Meeting on the Economy The economic recovery is sputtering, and Wall Street investors are waiting to see what the Federal Reserve will do at tomorrow's meeting. James Politi reports from Washington for the Financial Times .
G20 Summit to Address the Global Financial System President Bush has set the date for his summit meeting on the global financial crisis. The so-called G-20 includes the seven industrialized countries plus China, India and Brazil. James Politi is US economics and trade correspondent for the Financial Times .
The Rescue Plan and Its Possible Consequences After a weekend of political drama and late-night negotiations, Congress took up the latest version of the Wall Street rescue plan . With a price tag of $700 billion, nobody said they liked it, but supporters insisted the American people would be worse off without it. Opponents said it would never work. We hear the latest about what's in the plan and why is has just filed to pass a vote in the House. After their first debate , with no knockouts and no big mistakes, John McCain and Barack Obama are both claiming they made the bailout better. We hear from them.
House Rescue Bill Moves through the Pipeline Rescuing Fannie Mae and Freddie Mac could cost American taxpayers $25 billion, which has created new anxiety over the housing market. Today, Bush White House dropped its threat to veto legislation designed to bolster the housing market. James Politi reports from Washington for the Financial Times .
Treasury Secretary Seeks to Assuage New Mortgage Fears Shares in Freddie Mac and Fannie Mae dropped again today amid speculation that the federal government will have no choice but to bail them out. James Politi is US Economics and Trade correspondent for the Financial Times .
A Light at the End of the Dark Economic Tunnel? In St. Louis today, President Bush once again addressed the economy , contending that there is hope ahead. Sure enough, today's labor news was better than expected. Last months, only 20,000 jobs were lost, as compared to the predicted 100,000. James Politi is US economics and trade correspondent for London's Financial Times.
Treasury Secretary Wants Broad Reforms Housing and Urban Development Secretary Alphonso Jackson resigned today . The long-time friend of President Bush faces multiple ethics investigations. No successor has been named. Meantime, Treasury Secretary Henry Paulson proposed revamping oversight of the financial system, for the first time since the Great Depression. James Politi is US Economics and Trade Correspondent for the Financial Times .
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.
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.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?