Congressional leaders had claimed to have reached an agreement in principle on the financial rescue effort, but in the evening, it appeared to fall apart.
Heading into the first scheduled presidential debate, Senator John McCain is seen by voters as more capable on national security and more knowledgeable about foreign policy.
AP - Key members of Congress claimed agreement Thursday on an outline and crucial details of an urgent multibillion-dollar plan to stave off national economic disaster, but a historic White House meeting with President Bush, the two men fighting to replace him and other congressional leaders broke up with conflicts in plain view.
AP - Sen. John McCain's self-portrait as a bold leader willing to set politics aside to save an endangered financial bailout plan took a pounding Thursday from top Democrats and even some fellow Republicans.
AP - Republican vice presidential nominee Sarah Palin defended her remark that the proximity of Russia to her home state of Alaska gives her foreign policy experience, explaining in a CBS interview airing Thursday that "we have trade missions back and forth."
Just hours after key lawmakers said they had reached agreement on a set of principles regarding the proposed $700 billion economic bailout, a high-level meeting at the White House apparently illustrated otherwise. Sen. Richard Shelby, ranking Republican on the Senate Banking Comittee, emerged from the White House to declare of the bailout plan: "It will not solve problems, it will create more problems."
Americans should not stop paying their mortgages even if their mortgage companies are threatened because "your home and your mortgage are not affected by the fact that your mortgage company may go out of business," CNN senior business correspondent Ali Velshi says.