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 .
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.