Pelosi says bailout plan has to pass (Reuters)

Reuters – House Speaker Nancy Pelosi said on Friday a plan to rescue U.S. financial institutions “has to happen,” but final agreement is up to conservative Republicans who revolted against the plan being negotiated between Congress and the Treasury Department.

Read more…

First McCain-Obama debate remains doubtful (AP)

AP – The first presidential debate between Republican John McCain and Democrat Barack Obama remained in doubt Friday, the very day it was to be held, embroiled in the same partisan divisions that were holding up a Wall Street bailout plan.
Read more…

US wrangling and mutual collapse sparks new market fall (AFP)

AFP – Deadlocked talks on a bailout of the US financial system and the collapse of Washington Mutual bank sparked new falls on global markets Friday despite the injection of tens of billions of dollars by central banks.
Read more…

Lawmakers to tackle bailout plan again Friday (Reuters)

Reuters – Congressional leaders will try again on Friday to save a $700 billion Wall Street rescue plan after talks broke down in acrimony against the backdrop of the nation’s biggest-ever bank failure.

Read more…

Convention off to rocky start amid hurricane

AP – Republicans set aside the agenda to focus on hurricane relief in the opening hours of their national convention, only to see the scaled-back program for Day One overshadowed by jarring disclosures about the family and work life of John McCain’s running mate, Sarah Palin. Read more…

Obama introduces running mate Biden

AP – Barack Obama introduced Sen. Joe Biden of Delaware Saturday as a man “ready to step in and be president,” and the newly minted running mate quickly turned his campaign debut into a slashing attack on eight years of Republicans seeking four more years in the White House.
Read more…

McCain, RNC report $96 million cash on hand

AP – John McCain and the Republican National Committee started August with a hefty $96 million, financially flush and strongly positioned to compete with prolific fundraiser Barack Obama and the Democrats.
Read more…

Huge protests expected at political conventions

Reuters – Thousands of protesters are expected to jam the streets of Denver and St. Paul at the Republican and Democratic conventions in a noisy counterpoint to the parties’ carefully scripted speeches.

Read more…

Consumer price index expected to show another rise

AP – The Labor Department is expected to report a rise in the consumer price index for July, but not as large as June’s increase. The median estimate from economists surveyed by Thomson Financial/IFR was for a 0.4 percent gain, and after food and energy prices are stripped out, a 0.2 percent advance. In June, the index rose by 1.1 percent — the second-fastest monthly pace in 26 years.
[Read more...]

Arkansas Democratic chair shot at HQ: police

Reuters – The chairman of the Arkansas Democratic Party was wounded by gunfire at its headquarters in Little Rock, police and party officials said on Wednesday.
More

Next Page »