Politics

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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Wash. Governor's Race Heading for Another Close Finish

By Admin, PBS News Hour

The rematch for the governor's office in Washington between Democratic Gov. Chris Gregoire and Republican challenger Dino Rossi is turning out to be very, very close -- again. Just weeks before Election Day, polls show the candidates virtually tied.

S. Africa Elects Interim Leader as Mbeki Bows Out

By PBS News Hour

South Africa's Parliament Thursday elected Kgalema Motlanthe as interim president, replacing Thabo Mbeki who was ousted after a protracted power struggle within his own ruling party.

Lawmakers Work to Hammer Out Deal on Financial Bailout

By Admin, PBS News Hour

Lawmakers reported making progress Thursday on reaching an agreement on a sweeping financial bailout plan, which has stirred days of debate over how to better safeguard taxpayers as Wall Street continues its tailspin.