To the Point
The Bailout Battle and the Presidential Campaign
After their first face-to-face confrontation on Friday night, John McCain and Barack Obama are both claiming credit for improving the Wall Street rescue. We hear from them. Also, Congress begins debate on the rescue plan, and the investigation continues into possible crimes at the Bush White House and the Department of Justice.
By Warren Olney • • 1h 0m ListenAfter their first face-to-face confrontation on Friday night, John McCain and Barack Obama are both claiming credit for improving the Wall Street rescue. We hear from them. Also, Congress begins debate on the rescue plan, and a special prosecutor will investigate possible crimes by former Attorney General Alberto Gonzalez and White House officials, including Karl Rove.
Photo: Emmanuel Dunand/AFP/Getty Images
In this episode
3 storiesHouse Defeats Massive Rescue Plan
Although both parties were still divided today as the vote began, Republican defections sent the financial bailout bill down to defeat in the House. Tim Grieve is Congressional Bureau Chief for Politico.com.
Read the story6 minThe 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.
Read the story35 minInvestigation into US Attorneys' Firing to Continue
The Justice Department's Inspector General issued a scathing report today on the political motivations for the firing of US attorneys for political reasons and the involvement of White House advisors, including Karl Rove.
Read the story8 min
