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  • Busch: Devil's In The Details For Bailout Bill Thursday, 2 Oct 2008 | 8:55 AM ET
    Andrew Busch

    The Senate has passed the Emergency Economic Stabilization act with 74 to 25 vote. The mix was 40 Democrats and 34 Republicans for the measure and 10 Democrats and 15 Republicans against it.

  • Busch: It's All About Cutting Down More Trees Wednesday, 1 Oct 2008 | 10:29 AM ET
    Andrew Busch

    The process to produce the Treasury Asset Recovery Plan from the US House has moved forward in the Senate. They have wisely remained it the Emergency Economic Stabilization Act of 2008, something I believe/suggested would help sell it to Main Street.

  • Palin Says She Represents 'Joe Six-Pack' Wednesday, 1 Oct 2008 | 9:56 AM ET
    Sarah Palin

    Alaska Gov. Sarah Palin portrayed herself Tuesday as a champion of everyday people while noting her family's stock portfolio took a $20,000 hit last week.

  • "Main Street" On Bailout Bust: What People Are Saying Tuesday, 30 Sep 2008 | 11:44 AM ET

    One of the more challenging parts of my job is getting "Man on the Street" interviews. I'm just not that good at walking up to strangers to a) convince them to talk to me, and b) get something interesting out of them.

  • Busch: Wall Street vs Main Street Tuesday, 30 Sep 2008 | 8:28 AM ET
    Andrew Busch

    It's important to understand the political dynamics of what occurred yesterday to gauge what will happen with the US Treasury's TARP plan going forward. The key was getting 100 Republican votes.

  • Bailout Rejected: Lawmakers React to Bill's Defeat Monday, 29 Sep 2008 | 4:34 PM ET

    Democratic leaders pledged to try to put together another financial rescue bill, but it was unclear whether there was enough support for even a revised plan. Watch the accompanying videos to watch how the lawmakers reacted during the press conferences after the house rejected the bailout bill:

  • The End Of The U.S. Financial System As We Know It? Monday, 29 Sep 2008 | 4:01 PM ET

    A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.

  • Busch: Bailout Blame Game As Markets And Dollar Tank Monday, 29 Sep 2008 | 3:48 PM ET

    This is an embarrassment to both Democrat and Republican leadership. House Republicans will be vilified in the press with headlines like "Dow Drops 700 Points As Republicans Don't Pass Bailout Plan."

  • Before the Vote, What Were Lawmakers Saying? Monday, 29 Sep 2008 | 3:18 PM ET

    The House defeated a $700 billion emergency rescue package on Monday, ignoring pleas from President Bush and congressional leaders to bail out the financial industry. Watch the accompanying videos to hear what some congressmen and senators said about the bailout plan.

  • Poll: Will McCain Show for Presidential Debate? Friday, 26 Sep 2008 | 10:26 AM ET
  • Busch: The 4 Act Financial Bailout TV Show Friday, 26 Sep 2008 | 10:04 AM ET

    As we watch the TARP support unravel in an ugly way on Capitol Hill, the situation is closely resembling the core structure of every successful television show from "House" to "Baywatch." Let's run through this 4 act comedy/drama.

  • McCain Reverses, Will Attend Scheduled Debate Friday, 26 Sep 2008 | 9:49 AM ET

    With just hours to go, Americans waited for word on whether John McCain would show up for Friday's scheduled debate against Barack Obama, a widely anticipated showdown that has been cast in doubt by U.S. financial chaos and extraordinary political maneuvering.

  • Economic Optimism On The Rise: Survey Wednesday, 24 Sep 2008 | 7:17 PM ET
    Crowd of people on the street.

    Not surprisingly, Americans are still down on the economy, according to the latest CNBC survey, with 93 percent of respondents describing it as poor or fair. But, in light of the Wall Street problems on the front page, there are signs that sentiment has bottomed. Nowhere is that more apparent than the huge jump in expectations that the economy will get on track in the next year.

  • Obama Rejects McCain's Call for Debate Delay Wednesday, 24 Sep 2008 | 6:08 PM ET
    John McCain and Barack Obama

    The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."

  • Shelby "Scuttles" Bipartisan Feel For Treasury Plan Tuesday, 23 Sep 2008 | 10:19 AM ET

    It's clear now that the bill will have clauses restricting executive compensation, partial ownership of some of the companies where there is significant purchasing of securities, and some kind of mortgage mitigation.

  • Volatility with no volume. That's what we got today. The Dow swung in a 600 POINT RANGE, but volume was about half what it was at the end of last week.

  • Traders Oppose Equity Stake For Government Monday, 22 Sep 2008 | 2:47 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Miracle of miracles! Congress appears to be moving quickly on the Treasury bill. Rep. Barney Frank said that Treasury was accepting an equity stake in companies as part of the plan.

  • McCain, Biden Talk Strategy on Economic Crisis Tuesday, 16 Sep 2008 | 9:54 AM ET
    Wall Street

    Republican presidential candidate John McCain on Tuesday called for a high-level commission to study the current economic crisis and claimed that a corrupt and excessive Wall Street had betrayed American workers.

  • Wall Street Crisis: Which Candidate "Benefits"? Monday, 15 Sep 2008 | 3:59 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    For the past year the ongoing crisis in the housing and credit markets has set a gloomy backdrop for the 2008 presidential race, fueling voters' anxieties about the economy and desire for change.

  • Group Says McCain Broke 9/11 Pledge Not to Air Ads Friday, 12 Sep 2008 | 10:10 AM ET
    Presidential Candidate, John McCain

    An independent watchdog group says that Republican John McCain's campaign violated a pledge not to air any negative TV ads on the anniversary of the Sept. 11 terrorist attacks.