Bailout, FDA Skirts Rules, Fed Mum on Bear Stearns Deal
Federal Bailout » The Senate has passed a revised version of the $700 billion bailout plan, sending the legislation to the House for a vote tomorrow ... markets fell this morning, while Wall Street overwhelmingly expects the Federal Reserve to cut interest rates ... meanwhile, regulators are trying to prevent customers from withdrawing cash from troubled banks in hopes of averting further failures. — The Washington Post.
FDA Skirts Contracting Rules » The Food and Drug Administration circumvented government contracting procedures when it hired without competition a public relations firm to "create and foster a lasting positive public image" of the agency. — The Washington Post
Fed Mum on Bear Stearns Deal » The Federal Reserve is refusing to provide details on the deal it made with a private firm to manage $30 billion in assets from the failed investment bank Bear Stearns. — ABC
Tape at Stevens Trial » Jurors are expected to hear audio of secretly-taped phone conversations that prosecutors say show Sen. Ted Stevens knew he was wrong in failing to report more than $250,000 in gifts. — USA Today
Palin 'Truth Files' » John McCain's campaign presents Gov. Sarah Palin's perspective in the ongoing "troopergate" investigation with the Palin Truth Files, an online interactive that chronicles the case and offers "truth squad" e-mail alerts. — Wired
Rail Safety » The Senate yesterday easily passed a sweeping rail safety reform bill that would require more rest for rail workers and new technology aimed at preventing disasters like last month's deadly Los Angeles train crash. — The Associated Press
Rangel Watch » Rep. Charles Rangel's lawyer has disclosed a letter showing that the House ethics committee approved a November 2007 trip to Antigua that critics say was paid for by lobbyists. — The Hill
By Chris Matthews |
October 2, 2008; 11:05 AM ET
The Daily Read
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