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WMHT Live
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Classical Student of the Month
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Classical WMHT - Daily Schedule
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Rep. Emanuel Discusses Democrats' Vote On Bailout
Now that the Senate has passed the economic bailout plan, the bill has to go back before the House. But the bill carries many more tax cuts that conservative Democrats may have a hard time passing. Illinois Rep. Rahm Emanuel, chair of the Democratic caucus, says the momentum is moving from "no" to "yes."
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Rep. Barney Frank Urges House To Pass Bailout
The House is expected to vote tomorrow on a revised version of the Wall Street bailout bill. Congressman Barney Frank, who heads the House Financial Services Committee, says what may help the bill pass this time, is an increase in the deposit insurance cap. Small banks fear customers will pull their money and put it into larger institutions.
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Economy Likely To Dominate Presidential Debate
Republican John McCain and Democrat Barack Obama will meet in a town hall-style meeting in Nashville, Tenn. Topics are supposed to be divided between the economy and foreign policy, but given the financial crisis more questions are expected to focus on the topic.
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As Iceland Reels, Finance Minister Explains Crisis
The global credit crunch is threatening the Icelandic economy. Its financial sector has assets worth 12 times the country's gross domestic product. Finance Minister Arni Mathiesen says a total bankruptcy, which has been predicted, would pull a large portion of society down with it.
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Markets Down Sharply
U.S. stocks have fallen again on further concerns that the credit crisis has gone global. At one stage, the Dow dropped almost 800 points before recovering later. The Dow declined 3 percent and the S&P 500 was down more than 3 percent.
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Palin, Biden Prepare To Face Off In St. Louis
The vice presidential candidates are intensely preparing to debate each other Thursday night. Republican Sarah Palin has been practicing at John McCain's retreat in Arizona. Democrat Joe Biden is prepping near his home in Delaware.
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Federal Plan To Invest In Banks Met With Caution
The government's $250 billion cash infusion into banks is to get them lending again. The Treasury Department is also taking an ownership stake in nine banks. While many bankers and economists express some concern about the plan, reaction has been mostly favorable.
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Double-Checking Candidates' Claims In Last Debate
Presidential hopefuls Barack Obama and John McCain debated Wednesday night at Hofstra University in New York. Renee Montagne talks with NPR reporters Chris Arnold, David Welna, Julie Rovner, David Schaper and Peter Overby to find out whether the candidates had their facts straight in their final debate before the election.
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Rep. Blunt: Bailout Plan Tweaks Will Help Passage
The House is expected to vote again on the $700 billion bailout bill by Friday. House Minority Whip Roy Blunt of Missouri, who is representing House Republicans in the negotiation, says three things have happened that could now sway GOP lawmakers who earlier rejected the measure.
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Retail Sales Record Sharp Fall
Retail sales fell sharply in October. It was the fourth straight month in which overall retail activity declined. The October decline of 2.8 percent looks worse than it actually is, however. Take out gas prices, which are declining, and retail sales decline 1.5 percent.
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