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Friday, October 10, 2008
  • President Bush is scheduled to make a statement on the economy in the Rose Garden of the White House.
  • The 2008 Nobel Peace Prize will be awarded today.
  • World economic leaders are in Washington for G7 and IMF/World Bank meetings.
  • NATO defense ministers meet in Budapest
  • The Commerce Dept. releases the International Trade report for August.
  • The Bureau of Labor Statistics releases the latest Import and Export Price Indexes.

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    House - meets at 11:00 a.m. on Saturday, January 3, 2009.
    Senate - meets at Noon on Monday, November 17, 2008.


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    No committee schedule available for Sunday, October 12, 2008.
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    •  Breaking News
    From washingtonpost.com:
    		WashingtonPost.com  
    Fear-Driven Selling Drives Down Markets
    The selling fever that pushed New York's Dow Jones average down by 7.3 percent spreads across Asia and Europe in overnight trading.
    Carmakers' Pain Could Spread
    Faltering manufacturing sector, led by the car industry, could pose a new economic threat.
    Helping Palin Grab the Spotlight
    Beginning this spring, PR expert began pitching "upstart governor" as crusader against Big Oil.
    Ahtisaari Wins Nobel Peace Prize
    Finland's former president recognized for efforts from Africa and Asia to Europe and Middle East.
    U.S. Allegedly Listened In on Calls of Americans Abroad
    The chairman of the Senate intelligence committee is looking into allegations that a U.S. spy agency improperly eavesdropped on the phone calls of hundreds of Americans overseas, including aid workers and U.S. military personnel talking to their spouses at home.
    U.S. Seems Set to Take N. Korea off Terror List
    The Bush administration appears poised to provisionally remove North Korea from the State Department's list of state sponsors of terrorism, perhaps as soon as today, sources close to the administration said.
    Asian, European Stocks Plummet
    TOKYO, Sept. 10 -- Punctuating its worst week in history, Japan's main stock index plummeted nearly 10 percent Friday, as a mid-size Japanese life insurance company went bankrupt and fear-driven selling drove markets down across Asia.
    The End of American Capitalism?
    | The market turmoil draining the nation's wealth is set to claim another casualty.
    From Outsider To Politician
    SPRINGFIELD, Ill. The taunting began as soon as Barack Obama joined the Illinois Senate in January 1997. He had expected to face some skepticism as a political neophyte, but not such outright hostility. For the first few months of his career as a lawmaker, Obama navigated the unfamiliar corridors of...
    Judge Assails Evidence in Stevens Trial
    A federal judge ruled yesterday that he would tell jurors to ignore two pieces of evidence that he said were tainted by government bungling in the trial of Sen. Ted Stevens on corruption charges.
    Battling Through Battleground States
    INDIANAPOLIS, Oct. 8 -- Barack Obama delivered a reassuring economic message and a combative John McCain blistered his opponent as ill-prepared and opportunistic as the two entered the final four weeks of the marathon presidential campaign with swings through the battleground states of the Midwest.
    Pelosi Talks Stimulus
    House Speaker Nancy Pelosi said yesterday that she may call lawmakers back to Washington after the Nov. 4 elections to put together a new federal spending package worth as much as $150 billion in hopes of stimulating the nation's flagging economy.
    The Heck with Substance
    NASHVILLE -- Here, as a torrential rain pelted the roof of the media tent after an unusually serious debate, is your press corps in action:
    Economic Crisis Dominates Debate
    NASHVILLE, Oct. 7 -- On a day when the stock market took another sharp plunge, presidential candidates John McCain and Barack Obama clashed repeatedly here Tuesday night over the causes of the economic meltdown that has shaken the country and offered sharply contrasting prescriptions for how to r...
    Obama Flexing Financial Muscle With TV Spending
    Sen. Barack Obama is outspending Sen. John McCain by nearly 3 to 1 on television advertising in the final weeks of the presidential campaign, a financial edge that is almost certainly contributing to the Democrat's momentum in key battleground states.
    Blasts From the Past
    Just what America needs while the economy is crumbling: a campaign about William Ayers and Charles Keating.
    Detroit's Ills Symptomatic Of a Manufacturing Plague
    DETROIT -- First it was the outsourcing of components, and then vehicle assembly. Then gasoline prices shot up, slashing demand for trucks and sport-utility vehicles. Now, just when things seemed as if they could not get any worse here, the credit crunch and the subsequent stock market meltdown have...
    'Nordic Tiger' Iceland Finds Itself in Meltdown
    REYKJAVIK, Iceland, Oct. 9 -- The bad news just keeps coming for Icelanders, who in the last week have seen the international financial empire that they built on this remote North Atlantic island start to crumble, piece by piece.
    Inouye Praises Stevens's Integrity
    A Democratic senator who has been a longtime friend of Sen. Ted Stevens took the witness stand yesterday to defend the integrity of the powerful Alaska Republican, who is battling corruption charges.
    Revamped Hub Gives Returning Warriors a Taste of Home
    They come by the dozen, bandaged and shellshocked, touching down on U.S. soil for the first time since they left home for war. They're greeted by doctors and nurses, who tend to their wounds, and Red Cross volunteers who tell them there's root beer in the fridge and chicken for dinner.
    Pakistanis Repudiate Violence
    ISLAMABAD, Pakistan, Oct. 9 -- The television advertisement that debuted this week starts with a simple scene: A mother is waiting on a street corner for her child to get out of school. It looks like any other sunny day in any one of Pakistan's major cities.
    Financial Crisis Tests Limits of Unity Within the E.U.
    PARIS, Oct. 9 -- Three weeks ago, as the Bush administration struggled to salvage collapsing U.S. investment banks, European leaders calmly reassured their people. Banks on this side of the Atlantic are more wisely regulated, they said, and unlikely to succumb to the chaos on Wall Street.
    Former Finnish president wins Nobel Peace Prize
    OSLO, Norway -- Finland's ex-president Martti Ahtisaari received the Nobel Peace Prize on Friday for his efforts to build a lasting peace from Africa and Asia to Europe and the Middle East.
    Hard Times On the Thames
    LONDON, Oct. 9 -- The flash of cash by the super-rich bankers and traders who work in London's financial district had come to symbolize the capital. They ordered birthday cakes with emeralds. They ran up $10,000 bar bills at nightclubs. They drove, or were driven in, Porsches and Bentleys.
    Fears of Recession Deepen Rout
    Fear and foreboding took hold on Wall Street yesterday, as the stock market again plunged and investors became convinced that the nation is on the verge of a deep and prolonged recession. The rout continued in Japan, where stocks plummeted in early trading today.
    Treasury Weighs Investing In Banks
    The Bush administration is hammering out the final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the...
    Citigroup Ends Bid To Buy Wachovia
    Citigroup has ended its pursuit of Wachovia, allowing Wells Fargo to proceed with its $15 billion deal to buy the troubled Charlotte bank and emerge as one of the largest retail and commercial banks in the United States.
     stateline.org - State and Local Issues

    Latest state and local issue stories and analyses from stateline.org and the Pew Center on the States.

    Escalating financial crisis gripping states

    State officials are slashing budgets, delaying bond sales and seeking federal help in the wake of a $700 billion bailout package that was supposed to ease borrowing.

    WORTH NOTING: 'Hockey mom' to make NHL debut
    Alaska Gov. Sarah Palin (R) will take part in Saturday's Philadelphia Flyers-New York Rangers game. Devotees of fish pedicures in Texas and the state of Washington will have to settle for more traditional foot-cleansing methods. And an Iowa appeals court finds that slow-pitch softball is a contact sport. In case you missed those stories this week, “Worth Noting” fills you in.
    Stem-cell science an election issue in 3 states
    Also see:
    • A comprehensive list of state elections
    • A printable PDF of major ballot issues
    While both presidential candidates agree that the federal government should fund controversial stem-cell research, voters in Michigan, North Carolina and Washington state are being asked to take a fresh look at whether the science, which offers potential cures for millions of Americans, is worth the moral cost of destroying human embryos.
    Parents' income, education affect kids' health
    A new report finds that the health of American children is a matter of concern, made worse by the disparities that exist between kids in low- and high-income families. Children’s parents and their surroundings have a huge effect on whether they grow up healthy, and whether they live past their first year.
    States' actions to block voters appear illegal
    Tens of thousands of eligible voters in at least six swing states have been removed from the rolls or have been blocked from registering in ways that appear to violate federal law, according to a review of state records and Social Security data by The New York Times.
    Mass. treasurer reports a 'home run' $750m bond deal
    Massachusetts Treasurer Timothy P. Cahill said yesterday that the state was finally able to sell $750 million in revenue bonds at favorable interest rates, averting potentially dire financial problems and securing enough money to keep the state afloat until late November.
    Search for News by State:  
      
     Hot Issues In-Depth
    Current Issues Education Reform
    Resources on the President's and other education reform proposals.
  • Congress Approves Education Reform - Conference Action:
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    •  Governing.com - State and Local News
    Governing.com
    The Way We Tax: A 50-State Report
    The vast majority of state tax systems are inadequate for the task of funding a 21st-century government. Most of those tax systems are also unfair. They break the golden rule of tax equity: collect the lowest possible rates on the widest possible base of taxpayers.
    Governing February Issue
    Articles:
  • Assessments: Alan Ehrenhalt on living with "lifestyle centers"
  • Potomac Chronicle: Donald F. Kettl on the states as beggars
  • Technology: Thomas R. Davies on outside resources for new IT leaders
  • Tax Talk: David Brunori on the principles of sound tax policy
  • Economic Development: William Fulton on how a city's size affects its competitiveness
  • Environment: Tom Arrandale on the risks of weakening longstanding laws


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     White House Update
    White House schedule information and recent statements and news releases.