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The markets have had a wild ride, with the Dow Jones industrial average falling more than 700 points at one stage before closing down 128 points. More than once, the Dow fell below 8,000 points. Roben Farzad, senior writer for BusinessWeek, says fear has gotten the best of everyone.

Treasury Secretary Henry Paulson has said the government will go ahead with a plan to buy stocks in financial institutions. Meanwhile, The Group of Seven industrialized nations agreed to work together to fix the global economy.

Since slipping behind in the polls, Republican hopeful John McCain has been intensifying his attacks on Democrat Barack Obama. Mindful that the economy is uppermost in voters' minds, McCain repeated Wednesday the proposal he floated in Tuesday's debate: having the government come directly to the aid of people whose homes have lost value and who can't meet their monthly payments.

President Bush announced plans Tuesday to pump billions of dollars in new capital into U.S. banks. The package follows similar steps by European governments announced Monday. In both cases, the moves will deepen government roles in the economy.

Paul Krugman has won the Nobel Prize in economics. The Royal Swedish Academy of Sciences says the Princeton economist won "for his analysis of trade patterns and location of economic activity." Krugman is also a columnist for The New York Times.. Reporter Curt Nickisch talks with Renee Montagne about Krugman's work.

After weeks of anticipation, Gov. Sarah Palin and Sen. Joe Biden faced off in the one and only Vice Presidential debate last night. Law professor Joel Goldstein, of St. Louis University, and presidential debate expert Alan Schroeder, of Northeastern University discuss the highs and lows of both candidates' debate performance.

The Senate is taking up the $700 billion plan to rescue Wall Street. Benton Ives, economics and finance reporter for the Congressional Quarterly, says the legislation is largely the same as the one the House rejected Monday, but with added tax breaks and an increase on the deposit insurance cap.

Lawmakers are hardly the only ones questioning whether the Bush administration's $700 billion plan to bail out Wall Street will work — or whether it's even the right option. Here, a look at some of the objections being raised on and off Capitol Hill.

President Bush says Congress will "rise to the occasion" and pass a financial bailout plan. Ed Gillespie, counselor to the president, offers his insight on the state of the negotiations over the $700 billion financial bailout plan.

Lawmakers on Capitol Hill have agreed in principle to a $700 billion bailout for Wall Street. They're taking it to a summit Thursday at the White House, and hope to vote within days.