Politics

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.

Nations Agree to Draft Resolution on Iran Nuclear Program

By Admin, PBS News Hour

Six nations have agreed on a draft U.N. resolution on Iran's nuclear program, but it does not include new sanctions, per Russia's preference, European officials said Friday.

Fed Takes Over WaMu in Largest Bank Failure in American History

By PBS News Hour

As the debate over the proposed $700 billion bailout of Wall Street continues to rage in Washington, the government took over lending giant Washington Mutual Thursday night in what is by far the largest bank failure in American history.

Obama Meets Setbacks With Mix of Resilience, Caution

In the final report in a series focusing on the presidential candidates' governing styles, advisers and colleagues of Sen. Barack Obama detail how he has managed to overcome adversity during his life and career.

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