To the Point
A Bailout the President Couldn't Refuse
Democrats say the new housing bill will help the housing market and the economy as a whole, but President Bush will sign reluctantly and against the wishes of many Republicans. Will lenders agree to restructure loans on homes facing foreclosure? Will backing Freddie and Fannie put taxpayers at risk? Also, a female suicide bomber kills dozens in Iraq, and Denver has second thoughts about the Democrats.
By Warren Olney • • 1h 0m ListenDemocrats say the new housing bill will help the housing market and the economy as a whole, but President Bush will sign reluctantly and against the wishes of many Republicans. Will lenders agree to restructure loans on homes facing foreclosure? Will backing Freddie and Fannie put taxpayers at risk? Also, a female suicide bomber kills dozens in Iraq, and Denver really wanted the Democratic National Convention, but there's a lot the city didn't count on--like a presidential candidate who can pull an audience of 80,000 people.
In this episode
3 storiesFemale Suicide Bombers Kill Dozens in Iraq
In the midst of a four-year low in violence, Iraq today was struck by four suicide bombers. Twenty-five were killed and 178 wounded by a suicide bomber in Kirkuk. In Baghdad, three women blew themselves up, killing a total of 32 and wounding 102. Ned Parker is reporting from Baghdad for the Los Angeles Times .
Read the story6 minA Bailout the President Couldn't Refuse
Many Republicans predicted worse catastrophes to come, but the Senate joined the House this weekend and passed a bill designed to rescue the faltering housing market. President Bush has promised to sign it, holding his nose because Treasury Secretary Paulson convinced him the economy can't do without it.
Read the story35 minObstacles on the Road to the Denver Convention
The City of Denver worked hard to attract this year's Democratic convention , hoping to spotlight the new international airport, the new wing on the art museum and the light rail system that was key to reviving a faded downtown. Now there's a shortage of money, and the Denver daisies may not bloom on time.
Read the story8 min
