The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
A huge cheer went up in the ballroom at McCain headquarters as former Lousiana Gov. Buddy Roemer announced Louisiana went for McCain.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse As different as they look, the policies that either Barack Obama or John McCain will pursue are not all that different. Although this sounds like a rather dubious proposition, there is much merit to it.
Republican presidential candidate John McCain says keeping taxes under control is key to economic revival, especially the capital gains tax.
Health care has returned as a central issue in the final weeks of the presidential campaign.
Barack Obama and John McCain will both pursue the image of a strong leader in troublesome economic times as they meet Wednesday night for their third and final presidential debate.
While the presidential candidates were debating in Nashville on Tuesday night the Asian stock markets were selling off by 10 percent. Earlier in the day the U.S. market plunged by 500 points. These were big-time drops, yet presidential debaters never talk about the stock market. Nashville was no exception.
The McCain and Obama presidential campaigns traded accusations of mudslinging Monday in the wake of new ads dredging up infamous events from 20, 30, even 40 years ago.
Governor Arnold Schwarzenegger spoke with reporters after the House passed the bailout package (or whatever you want to call it).
The Association of Financial Professionals (AFP) has released a report detailing how finance executives have taken defensive measures to deal with the credit crunch. (AFP is a membership organization that serves more than 16k corporate treasury and finance executives.)
Many Americans watching the vice presidential candidates' debate agreed that Gov. Sarah Palin's performance exceeded their generally low expectations. Whether she did well enough against Sen. Joe Biden is another matter.
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.
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.
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.
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.
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:
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.
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."
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.
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.