David Brooks of The New York Times says the financial bailout shows a fundamental shift toward corporate progressivism. E.J. Dionne of the Washington Post and the Brookings Institution says it will lead to a neo-New Dealism. On the vice presidential debates, Brooks says both candidates had a good night. Dionne says nothing in the debate changed the momentum toward Barack Obama.
More than 400 people have been reported missing in the wake of Hurricane Ike. Search teams are combing a wildlife refuge in Chambers County, Texas, where tons of debris was blown. This weekend, they'll bring in cadaver dogs and conduct a thorough exploration.
The U.S. House has reversed itself and given final approval to a giant economic bailout bill. The measure — revised, re-framed and expanded — passed comfortably by a vote of 263 to 171. It attracted 26 more Republicans and 32 more Democrats than last Monday night.
The House has passed the Treasury's financial rescue plan and President Bush has signed it. The measure's passage marks a turnaround just four days after the House rejected the measure. Many lawmakers switched their votes from no to yes.
William Longbrake served as chief financial officer for the failed savings and loan from 1982 until 2002. Longbrake says he started warning management about a housing bubble in 2003. Now, he says the government needs to act to stop irrational panic from making the situation worse.
Alaska Sen. Ted Stevens is facing federal corruption charges in Washington, D.C., while running for another term. Stevens has held on to his Senate seat for four decades with overwhelming support. But this year, he has a significant challenger in the mayor of Anchorage.
Politicians can't stop talking about the impact of a metonymical Wall Street on a metaphorical Main Street. But what about the spots across the country where the two streets actually intersect?
Republican presidential candidate John McCain apparently has conceded Michigan to Democrat Barack Obama. The McCain campaign confirmed Thursday that it is pulling staff and advertising out of Michigan and diverting those resources to states that are more winnable for Republicans.
Vice presidential candidates Joseph Biden and Sarah Palin met Thursday night in St. Louis for their only debate of the presidential campaign. They clashed on various topics including tax policy, the wars in Iraq and Afghanistan and energy.
Wells Fargo announced Friday that it will buy Wachovia in a deal worth about $15 billion after Wachovia ended talks with rival suitor Citigroup. Wells Fargo said the merger will require no assistance from the government.