The Treasury Department’s plan to buy bad mortgage-related securities returns to the House Friday, as lawmakers lobby their own party members and hope tax cuts and financial rule changes will convince holdout Republicans to vote yes. Continue reading
With bipartisan support, the Senate easily approved a massive federal rescue plan aimed at stabilizing the economy and freeing up the crippled credit market Wednesday night. The vote was 74-25. Continue reading
The financial crisis gripping Wall Street this week has led to an unprecedented level of government intervention. Policy experts examine the government’s role in the crisis. Continue reading
President Bush addressed recent shifts in the financial sector, central banks flooded currency markets with cash in an attempt to spur banks to begin lending again and the presidential candidates offered fresh reactions to the crisis. Kwame Holman and Judy Woodruff recap the economic news of the day.
With backers of Hillary Clinton still voicing their support for her presidential bid on the convention floor, the New York senator appeared during the roll call to move that Barack Obama become the Democratic nominee by acclamation. Analysts Mark Shields and David Brooks weigh in after Clinton’s roll call speech. Continue reading
Speaker of the House Nancy Pelosi, D-Calif., told delegates gathered Monday evening at the Democratic National Convention in Denver that the party’s mission to move in a “new direction” will not be complete until Sen. Barack Obama wins the White House. Continue reading
In 2006, Democrats took over Congress with a promise to bring U.S. troops home. Kwame Holman looks at what’s happened since then and the legislative fight over a bill to fund the Iraq and Afghan wars. Continue reading
With the race for the Democratic nomination reaching the home stretch and continued clashes between the president and Congress, House Speaker Nancy Pelosi assesses the fight between Sens. Obama and Clinton, the racial, economic and gender divisions in the party, and the Democrats’ legislative battle to end the war Iraq. Continue reading