Friday, October 03, 2008

Wall St. stocks surge on bailout expectations

Stocks are surging on Wall St. despite bad employment numbers on hopes that the House will approve a bailout plan today. Markets are also hoping for a cut in interest rates to help jumpstart the economy.

The payroll drop also caused treasury prices to slide downward.

Wall Street Journal

Commentary: Bailout should treat the root cause, not the symptoms
CNN - 2 hours ago
Jackson voted against the bailout plan presented in the House on Monday. For a different view, read this commentary. Rep. Jesse Jackson Jr. says the bailout ...
Bailout package passed in US Senate eTaiwan News
* Focus on US House after Senate passes bailout
House Takes Up Sweetened Senate Bailout BillNPR

Live-Blogging the House’s Bailout Debate
New York Times, United States - 1 hour ago
By Catherine Rampell Today the House of Representatives is debating, and potentially voting, on the bailout package it unexpectedly rejected on Monday ...

House set for fresh bail-out vote BBC News
Bail-out bill: Congress sceptics won over ahead of House of ...

Video: Bush warns bailout must be passed - 29 Sep 08 AlJazeeraEnglish

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