To the Point
Wall Street, the Taxpayers' Money and Presidential Politics
After many hours behind closed doors, congressional leaders say they have a plan, and they'll go to the White House to tell John McCain, Barack Obama and President Bush all about it. Also, what's the difference between a "bailout" and an "investment?" On Reporter's Notebook, the IRS faces a challenge from the pulpit.
By Warren Olney • • 1h 0m ListenAfter many hours behind closed doors, congressional leaders say they have a plan, and they'll go to the White House to tell John McCain, Barack Obama and President Bush all about it. We hear about the prospects for rescuing Wall Street and reassuring the voters at the same time. Also, what's the difference between a "bailout" and an "investment?" On Reporter's Notebook, 30 ministers plan to endorse a presidential candidate this coming Sunday--during their sermons. Will the Internal Revenue Service crack down?
White House photo: Eric Draper
In this episode
3 storiesPublic Reaction, Confusion over the Financial Plan
On prime-time television last night, President Bush made his strongest appeal yet for $700 billion to rescue Wall Street. He said that the government's economic experts called for immediate action to ward off "a financial panic," which could cause the stock market to "drop even more, which would reduce the value of your retirement account."
Read the story6 minLawmakers Announce Deal on Bailout Plan
The White House, the candidates and the Congress are working together on a massive commitment of public money. Saying that the entire economy is in danger, President Bush told the nation last night that the failure to act now might lead to a panic.
Read the story36 minPastors to Protest Rules on Political Speech
"I have the right to speak biblical truth without being punished for it," says the Rev. Jody Hice in Bethlehem, Georgia in today's Wall Street Journal . This coming Sunday, some thirty ministers across the country are planning to endorse a candidate for president.
Read the story7 min
