To the Point
Congress Pushes Back on the Bailout
The Bush White House today warns of economic "calamity" if Congress won't bail out Wall Street, but despite the $700 billion price tag, the leading budget expert in Congress says there's no way to estimate the real cost.
By Warren Olney • • 1 min readThe Bush White House today warns of economic "calamity" if Congress won't bail out Wall Street, but despite the $700 billion price tag, the leading budget expert in Congress says there's no way to estimate the real cost. Today, Federal Reserve Chair Ben Bernanke told a joint committee of Congress that the economy needs the Wall Street bailout and needs it now. We hear from skeptical Democrats and Republicans as pressure increases and time grows short.
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A Hard Sell on Capitol Hill; Pakistan's Problems- 1:38Congress Pushes Back on the BailoutYou’re reading this
- 23:19Pakistan's President Visits the UN
- 43:39North Korea Says It Will Re-Start Nuclear Plant
Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Christian Bordal
Managing Producer, Greater LA
Katie Cooper
Producer, 'One year Later'
Sudeep Reddy
Wall Street Journal
Michele Bachmann
Congresswoman (R-MN)
Brad Sherman
California congressman (D-Sherman Oaks)
The full episode
1 of 3A Hard Sell on Capitol Hill; Pakistan's Problems- 1:38Congress Pushes Back on the BailoutYou’re reading this
- 23:19Pakistan's President Visits the UN
- 43:39North Korea Says It Will Re-Start Nuclear Plant