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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.
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.
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.
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."
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.
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.
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.
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.
Then there’s this lead story in the Wall Street Journal: “Palin Lifts McCain’s Support.” A WSJ/NBC poll now has the presidential race even, and it’s the Palin effect that explains the shift.
Well-done column over at The New Republic: When Senator John McCain selected Sarah Palin as his running mate two Fridays ago, the first-term governor and would-be vice president was a complete stranger to the vast majority of Americans.
As job losses in the United States have leaped, a second economic stimulus package has become “warranted and necessary,” House Majority Leader Rep. Steny Hoyer (D-Md.) told CNBC Monday.
John McCain and Sarah Palin criticized Democrat Barack Obama over the amount of money he has requested for his home state of Illinois, even though Alaska under Palin's leadership has asked Washington for 10 times more money per citizen for pet projects.
John McCain becomes the official Republican presidential nominee while strategists tell investors to take advantage of the gloomy economy by buying the market. Following are today's top videos: