Host Scott Jagow turns to Fortune magazine's Allan Sloan to get his take on the administration's $700 billion mortgage bailout plan. Sloan says he's outraged that there's no obvious plus for taxpayers.
Fed Chair Ben Bernanke took the administration's mortgage bailout plan to the Senate Banking Committee members Tuesday and will be back on Capitol Hill today. John Dimsdale reports on what Bernanke is up against.
After making their case for the $700 billion bailout plan to the Senate banking committee today, Bush administration officials next will go before the House Financial Services Committee and its Chairman Barney Frank. Kai Ryssdal talked with him.
What, exactly, would Treasury Secretary Paulson buy with that $700 billion? Originally, the plan was to buy bad mortgage debt from banks. But there's a push on to spread the wealth. Steve Henn reports.
How will the architects of the new rescue plan make sure we, as taxpayers, get a fair price? That's what lawmakers on Capitol Hill were asking today. Bob Moon has more.
Fed Chair Ben Bernake and Treasury Secretary Henry Paulson have begun testifying before the Senate Banking Committee about the $700 billion bailout. Steve Henn reports lawmakers are circulating three versions.
Congress is pushing back on provisions in the Bush administration's bailout plan and will question the Fed Chairman and the Treasury Secretary at a hearing today. From Washington, Steve Henn reports.
President Bush is speaking to the United Nations today, his final speech before that organization. The economic crisis overshadowed the event, however. Bob Moon has more.
Goldman Sachs and Morgan Stanley have become bank holding companies, which means they will now face more government regulation. They won't be able to take as many risks, and they'll make less money, too. Jeremy Hobson reports.
Commentator and economist Robert Shapiro says the $700 billion bailout is going to amass so much debt that it won't be possible for the next president to pursue some of the key programs he's promised.
