Congress to bailout Wall Street

The Congressional leaders are meeting this weekend to hash out an agreement that will save the US economy and global economy from collapse. Financial ananlysts say that if the deal is not reached soon there could be very serious consequences. While the public is not liking a multibillion dollar bailout of Wall Street. Most believe that this is the only way to curtail a fiscal crisis since the Great Depression. The importance of this is to save Main street, keep jobs and credit flowing throughout the economy. Banks are holding on to bad debt that keeps them from lending to businesses and consumers. The government would buy this bad debt until the real estate market turns around in few years and turn a small profit. There is also a concern is that foreign investors may pull out of the US if they do not believe that the economy will turn around soon.

Russia sends planes to Venezuela

In the latest round of political and diplomatic sparing the US and Russia may be involved in round 2. Round 2 you say, yes, that is round of 2 of the infamous cold war. The first showdown was in the Republic of Georgia and recently has gotten involved Venezuela. The United States and Venezuela have sent their respective diplomats home in protest of their countries recent positions. Furtherin the strained relationship is Russia's decision to send military planes to Venezuela.

Ike makes landfall on Texas gulf coast

Hurricane Ike has made landfall on the Texas gulf coast. Residents of Galveston were urged to evacuate and Houston were advised to stay.

Candidates Remember 9/11

In a moment of bipartisanship during a presidential campaign Senators Barack Obama and John McCain joined together to remember the victims of 9/11. Both candidates set a side this time because they said this is about being Americans first.

Hurricane Ike to bear down on Gulf Coast