Senators dug in their heels Tuesday, pushing back against dire warnings from the government's top ec
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(23 Sep 2008) HEADLINE: Dire
(23 Sep 2008) HEADLINE: Dire warnings fail to sway senators on bailout
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CAPTION: Senators dug in their heels Tuesday, pushing back against dire warnings from the government's top economic officials of recession, layoffs and lost homes if Congress doesn't quickly approve the Bush administration's emergency $700 billion financial bailout plan. (Sept. 23)
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[Notes:ANCHOR VOICE]
NB. THIS IS A VOICEOVER TRANSCRIPT, NOT A FULL SHOT LIST.
Video: Two shot of Bernanke and Paulson
Track: The administration's point men on the economy stressed the need for quick approval of the 700 billion dollar bailout package:
Video: pix of homes with for sale
Track: With the housing industry in crisis and the economy limping along
Video: maybe wide shot from back of room
Track: The Fed chairman warned of a recession
SOT: Federal Reserve Board chairman Ben Bernanke
11:28
''Jobs will be lost, that our credit rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover in a normal, healthy way.''
Video: some kind of graphic illustrating of 700 billion more homes for sales?????
Track: Even though the administration wants 700 billion dollars
Video: video of homes for sale
Track: to buy up bad mortgages and the like
Video:
Track: Treasury secretary Paulson stressed its cheaper in the long run:
SOT: Treasury secretary Henry Paulson
11:02 a.m.
The best protection for the taxpayer and the first protection for the taxpayer is to have this work:
Video: wide shot of committee
Track: But senate banking committee members balked at the administration's desire to fast track the plan without any changes:
SOT: Senate Banking Committee Chairman Christopher Dodd, R-Conn.
9:44 a.m.
``I understand speed is important, but I'm far more interested in whether or not we get this right.
SOT: Senator Richard Shelby, R-Ala., ranking Republican, Senate Banking Committee
2:16 p.m.
I don't believe congress should just ratify what's been thrown up to em..
Video: pictures of wall street firms/trading floor
Track: Lawmakers from both parties want the bailout to limit how much money executives at companies helped by the rescue can get.
Video: Bush in NYC
Track: Meeting in New York with Pakistan's new president, President Bush left the door open to modifying the plan.
SOT: President Bush
President Bush--from the Pakistan fotoop, shrugging off the haggling as no great concern:
(1:50 from start) "Now there's a natural give and take when it comes to the legislative process. There are good ideas that need to be listened to."
Video: Cheney coming to Capitol Hill
Track: Vice President Cheney came to the Capitol to try to reassure skeptical Republicans the package is vital to the economy.
Video: Wall Street trading floor--superimpose loss of 161 points
Track: Stocks fell again. The Dow lost 161 points.
Video: Wall Street
Track: Analysts say the market has a lot of questions about the timing and effectiveness of the bailout plan.
standup close
The chilly reception that Paulson and Bernanke received from lawmakers on both sides of the aisle made clear that a lot of work remains before a bailout package is finalized....and the two can expect more tough question when they appear before other congressional panels Wednesday and Thursday.
jb the ap capitol hill
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
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---------------------------------------
CAPTION: Senators dug in their heels Tuesday, pushing back against dire warnings from the government's top economic officials of recession, layoffs and lost homes if Congress doesn't quickly approve the Bush administration's emergency $700 billion financial bailout plan. (Sept. 23)
----------------------------------------
[Notes:ANCHOR VOICE]
NB. THIS IS A VOICEOVER TRANSCRIPT, NOT A FULL SHOT LIST.
Video: Two shot of Bernanke and Paulson
Track: The administration's point men on the economy stressed the need for quick approval of the 700 billion dollar bailout package:
Video: pix of homes with for sale
Track: With the housing industry in crisis and the economy limping along
Video: maybe wide shot from back of room
Track: The Fed chairman warned of a recession
SOT: Federal Reserve Board chairman Ben Bernanke
11:28
''Jobs will be lost, that our credit rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover in a normal, healthy way.''
Video: some kind of graphic illustrating of 700 billion more homes for sales?????
Track: Even though the administration wants 700 billion dollars
Video: video of homes for sale
Track: to buy up bad mortgages and the like
Video:
Track: Treasury secretary Paulson stressed its cheaper in the long run:
SOT: Treasury secretary Henry Paulson
11:02 a.m.
The best protection for the taxpayer and the first protection for the taxpayer is to have this work:
Video: wide shot of committee
Track: But senate banking committee members balked at the administration's desire to fast track the plan without any changes:
SOT: Senate Banking Committee Chairman Christopher Dodd, R-Conn.
9:44 a.m.
``I understand speed is important, but I'm far more interested in whether or not we get this right.
SOT: Senator Richard Shelby, R-Ala., ranking Republican, Senate Banking Committee
2:16 p.m.
I don't believe congress should just ratify what's been thrown up to em..
Video: pictures of wall street firms/trading floor
Track: Lawmakers from both parties want the bailout to limit how much money executives at companies helped by the rescue can get.
Video: Bush in NYC
Track: Meeting in New York with Pakistan's new president, President Bush left the door open to modifying the plan.
SOT: President Bush
President Bush--from the Pakistan fotoop, shrugging off the haggling as no great concern:
(1:50 from start) "Now there's a natural give and take when it comes to the legislative process. There are good ideas that need to be listened to."
Video: Cheney coming to Capitol Hill
Track: Vice President Cheney came to the Capitol to try to reassure skeptical Republicans the package is vital to the economy.
Video: Wall Street trading floor--superimpose loss of 161 points
Track: Stocks fell again. The Dow lost 161 points.
Video: Wall Street
Track: Analysts say the market has a lot of questions about the timing and effectiveness of the bailout plan.
standup close
The chilly reception that Paulson and Bernanke received from lawmakers on both sides of the aisle made clear that a lot of work remains before a bailout package is finalized....and the two can expect more tough question when they appear before other congressional panels Wednesday and Thursday.
jb the ap capitol hill
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: Twitter: AP_Archive
Facebook: Facebook: APArchives
Instagram: Instagram: APNews
You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
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