To the Point
It's 'the Economy, Stupid'...All Over Again
After yesterday's big sell-off, Wall Street was waiting for today's market reports. Could America's biggest insurer survive a ratings cut? Would the Federal Reserve lower interest rates? We get an update on today's developments, what they could mean for ordinary Americans and what changes McCain and Obama might have in mind. Also, the chair of the US Joint Chiefs of Staff is in Pakistan to talk about an inflammatory border dispute.
By Warren Olney • • 1h 0m ListenAfter yesterday's big sell-off, Wall Street was waiting for today's market reports. Could America's biggest insurer survive a ratings cut? Would the Federal Reserve lower interest rates? We get an update on today’s developments on Wall Street and at the Federal Reserve and what they could mean for ordinary Americans, and hear more about what kinds of changes McCain and Obama might have in mind. Also, Pakistan’s military has been ordered to fire if US troops cross the border. Has it already happened?
Photo: Stan Honda/AFP/Getty Images
In this episode
3 storiesObama, McCain Battle for Momentum on Economy
As the world watched the growing financial crisis, the presidential candidates promised to never let it happen again. Janet Hook reports on politics for the Los Angeles Times .
Read the story6 minWill the Turmoil on Wall Street Spread to Main Street?
Financial institutions most Americans don’t even think about are now front and center in the presidential campaign. The country's biggest insurer -- American International Group , or AIG -- is the latest major player whose troubles threaten economic security.
Read the story34 minTensions Rise between Pakistan, US Military on the Afghan Border
If American troops cross the border into their country, Pakistan's military has been ordered to fire. Admiral Mike Mullen, chair of the US Joint Chiefs of Staff, is in Pakistan where there's confusion over whether American helicopters were fired on hear the border with Afghanistan.
Read the story9 min
