The bailout summit that was supposed to go so well apparently turned into a shouting match. Beleagured Treasury Secretary Paulson begged them not to tell anyone how badly it went, but word's out. Host Scott Jagow gets more from Jeremy Hobson.
While key members of Congress claimed agreement today on the massive bailout plan to rescue America's financial system, conflicts were still evident. Marketplace's John Dimsdale shares the details with Kai Ryssdal.
Kai Ryssdal is in Cleveland, Ohio, where he sat in on a radio talk show that fielded calls from listeners about the federal bailout plan. Their anger came through loud and clear.
Over the past couple of weeks, the interest rate banks charge each other for short-term loans has shot up dramatically. Now, rates for money-market funds — what companies use to borrow for day-to-day operations — are soaring as well. Jeremy Hobson reports.
In the bailout deal lawmakers announced today, they're moving away from allocating $700 billion in one shot, as the Bush administration wants. What will Wall Street think of that? Nancy Marshall Genzer reports.
Democratic and Republican leaders, as well as both presidential candidates, are headed to the White House today to talk about the market bailout plan. Steve Henn has details of a possible compromise deal.
Host Scott Jagow asks Republican Sen. Sam Brownback of Kansas if we really need this bailout plan to avoid economic catastrophe and gets his thoughts on what's most important in the market rescue.
The German government is putting full blame on the U.S. for the global credit crisis, and this morning, the German Finance Minister had scathing words for America's financial leadership. Stephen Beard reports.
Peter Coy, economics editor at BusinessWeek, calls the market rescue plan a "free-market bailout," which is, of course, a contradiction in terms. Host Stacey Vanek-Smith asks what he thinks of the situation.
The President had some dire warnings in a speech last night about the consequences of not reaching a deal to solve the financial crisis. Scott Jagow talks to Steve Henn about the sticking points for Congress.
