Politics

House Defeats Wall Street Rescue Plan

A controversial $700 billion Wall Street rescue bill backed by Congressional leaders and the Bush administration failed to pass in the House of Representatives Monday. Kwame Holman reports on the dramatic day on Capitol Hill.

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House Rejects $700 Billion Bailout; Stocks Plummet

By Admin, PBS News Hour

The House on Monday defeated a $700 billion emergency rescue package, ignoring pleas from President Bush and bipartisan congressional leaders to bail out the financial industry, while the Dow Jones industrial average lost more than 700 points.

Special Prosecutor Named in Attorney Firings Case

By PBS News Hour

Attorney General Michael Mukasey appointed a special prosecutor Monday to pursue possible criminal charges against individuals involved in the controversial firings of nine U.S. attorneys.

In Latest Shake-Up, Citigroup to Acquire Wachovia

By Admin, PBS News Hour

In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp.

McCain, Obama Clash on Foreign Policy, Economic Future in Tense First Debate

Sens. John McCain and Barack Obama sharply attacked each other's judgment on Iraq, Iran and Pakistan during Friday's debate. Political analysts and historians react to the candidates' performances.

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Political Upheaval in Thailand Reflects Tension Between Rich, Poor

By PBS News Hour

The politics of modern Thailand appear to be proof of Winston Churchill's adage that democracy is the worst form of government except for all the others.

Shields, Brooks Weigh in on the Week’s Dramatic Bailout Debate

It was a devastating week on Wall Street and a contentious one in Congress as politicians battled over bailout proposals. With the presidential candidates heading to the first debate, political analysts Mark Shields and David Brooks reflect on the developments.

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Candidates Convene to Debate, Finally

For all the historic footers already added to this first presidential debate between Sens. John McCain and Barack Obama, the debate itself almost didn't happen following Senator McCain's decision two days prior the event, to suspend his campaign.

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House Lawmakers Divided Over Scope of Government Intervention

Congressional leaders are showing signs of fatigue and frustration over continuing negotiations. Reps. Barney Frank and Mike Pence discuss the progress towards a workable plan.

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Bush Struggles to Unite Rebelling House Republicans on Bailout

By Admin, PBS News Hour

As Washington struggles to reach consensus on a proposed Wall Street bailout, GOP senators have blocked a proposed Democratic plan to pump $56 billion into public works projects, help for the jobless and to help states with high Medicaid bills.