To the Point
The Financial Crisis and Presidential Politics
The financial crisis is being called the worst since the Great Depression, but the leaders of the Senate and Congress said today they'll adjourn for the election without taking action. We ask what the presidential candidates propose to do if and when they take office next year. Also, the US apologizes for civilian casualties in Afghanistan.
By Warren Olney • • 1h 0m ListenThe financial crisis is being called the worst since the Great Depression, but the leaders of the Senate and Congress said today they'll adjourn for the election without taking action. As the President and Central Bank try to reassure the markets, we ask what the presidential candidates are proposing to do if and when they take office next year. Also, Defense Secretary Robert Gates expresses "personal regrets" for the deaths of Afghan civilians.
White House photo by Joyce N. Boghosian
In this episode
3 storiesBush Administration, Central Banks Try to Reassure Markets
President Bush cancelled political fundraisers today to stay in Washington and confer with his advisors about what he calls " adjustments " in the financial markets. Yesterday's bailout of insurance giant AIG did not improve investor confidence.
Read the story6 minHow Would the Candidates Fix This Financial Mess?
The Fed rescued insurance giant AIG yesterday, but the stock markets took a dive anyway. Today, central banks in America, Europe and Asia promised $180 billion in hopes of calming financial jitters. We find out how the markets reacted.
Read the story33 minMore Military and Civilian Deaths in Afghanistan
More foreign troops are being killed in Afghanistan of late than in Iraq as US and NATO forces ramp up against the resurgent Taliban. Today, Defense Secretary Robert Gates extended his " personal regrets " for the collateral deaths of Afghan civilians. Gates made his apology on a surprise trip to Afghanistan.
Read the story10 min