United States

Democrats insist Republicans back finance rescue plan

Washington - Congress wrestled Friday across party lines over a deeply unpopular financial industry rescue plan as majority Democrats insisted that Republicans get on board before holding a vote.

The White House pulled out all the stops, sending top officials to Capitol Hill, where negotiations continued over the controversial, 700-billion-dollar life raft for Wall Street.

Talks looked likely to continue over the weekend, House Speaker Nancy Pelosi said.

"We'll be in as long as it takes, and we hope it doesn't take long, because the markets need a message from us," she told reporters Friday following another round of meetings on the bailout.

Obama, McCain square off in first debate

Washington -Obama, McCain square off in first debate Democrat Barack Obama and Republican John McCain began their first presidential debate Friday night in a discussion that was largely expected to focus on foreign policy.

But the two candidates are expected to also hear questions about the financial crisis in the United States and President George W Bush's 700-billion-dollar rescue plan.

Moderator Jim Lehrer, a long-time news anchor for the Public Broadcasting System, said that the topic of foreign policy "by definition includes the global financial crisis."

US House vote on nuclear deal with India delayed

Washington - US House vote on nuclear deal with India delayedThe US House of Representatives held off Friday from voting on a White House plan that would allow the United States to sell nuclear material and civilian nuclear technology to India.

The House debated the measure Friday evening but deciding to delay a vote on the agreement until at least Saturday. The measure must also pass the US Senate, which has not scheduled a vote but is expected to convene over the weekend.

Business as usual at largest failed bank

San Francisco - Whatever feelings you might expect to follow the worst bank failure in US history - trepidation, panic, anxiety, fear - there was barely a hint of concern among customers and staff Friday at a suburban California branch of Washington Mutual.

Sure, there were the usual lines of customers grinding their teeth in frustration as they waited for an available cashier at a WaMu branch in San Jose, California. But there was hardly any serious discussion among customers about the implications of the bank's failure, and certainly no apparent run on the bank.

Voting on US-India nuke deal bill postponed to next week

Washington, Sept. 27 : Voting on US-India nuke deal bill postponed to next weekThe debate on the Bill related to the US-India nuclear deal is over in the House of Representatives, but voting on it has been postponed to next week.

Earlier, last minute hitches appeared on Friday in the Senate for passage of the Bill, but an identical measure inched forward in the House of Representatives for early approval.

Financial crisis, economic policies headline debate

Washington - A presidential debate planned to address foreign policy started Friday with a discussion of the ongoing US financial crisis and attempts in Washington to hammer out a rescue plan.

Senator Barack Obama, 47, the nominee of the centre-left Democratic Party, called the current time "a defining moment in our history" with ongoing wars in Iraq and Afghanistan and the worst financial crisis since the Great Depression.

"We have to move swiftly, but we have to move wisely," he said.

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