FROM Peter Gosselin
Congress under Pressure to Pass $700 Bailout Plan Treasury Secretary Henry Paulson hit yesterday's TV talk shows and President Bush increased the pressure on Congress today saying that "the whole world is watching" progress on his $700 billion bailout of the financial system. But some key Democrats are not in such a hurry, calling for help for Main Street as well as Wall Street. Peter Gosselin is national economics correspondent for the Los Angeles Times and author of High Wire : The Precarious Financial Lives of American Families.
The Candidates Stump on the Economy Both John McCain and Barack Obama had harsh words today about Iran's missile testing, but they've spent the week talking about the economy. Senator McCain says he'll balance the budget by 2013, the end of his first term. Senator Obama says he won't promise to eliminate the deficit in his first term because hard-hit American families need what he calls "some critical investments." We look at the impact of economic hard times on ordinary Americans and some of the economic fixes proposed by the two presidential candidates.
Paulson Wants to Rein in Mortgage Markets The President's Working Group on Financial Markets has blasted the mortgage industry for its role in the global credit crisis that began with sub-prime mortgages. Treasury Secretary Henry Paulson, who chairs the Group, wants home-buyer protections and new rules industry-wide. Peter Gosselin is national economics correspondent for the Los Angeles Times .
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.
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?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.