From NPR news in Washington I'm Craig Windham.
President Bush is praising the bipartisan financial rescue plan worked out in negotiations with the administration he said he knows the vote on the measure will be difficult for lawmakers but he's confident it will be approved. House Speaker Nancy Pelosi says the bill includes a number of provisions to keep Wall Street firms and their executives from profiting from the bailout.
We sent a message to Wall Street . The party is over. The air of golden parachutes for high flying Wall Street operators is over.
The New York Times reports one of the last changes included in the bill would allow the government to recoup any losses incurred from the bail out after five years from the financial community. GOP presidential nominee John McCain says he will swallow hard and support the financial rescue bill NPR's Scott Coarsely reports.
John McCain says despite its high price tag the financial rescue plan worked out over the weekend meets his conditions for oversight and taxpayer protection. McCain told ABC it's important to get the plan off the negotiating table and passed quickly.
The real effectiveness is capable to restore some confidence. And get some credit out there and get that the economic system moving again which is basically in great lack today.
McCain dramatically left the campaign trail last week to join the negotiations in Washington and move house Republicans applauded and some Democrats called counterproductive. McCain spent much of Saturday phoning Republicans urging them to support the rescue. Scott Coarsely NPR news Washington.
Democratic Presidential nominee Barack Obama is also expressing support for the rescue plan at a rally in Detroit today Obama called the financial mess and outrage coming as many Americans are facing tough times.
No where had been more difficult than a mission. No where had been more difficult than in Detroit. The auto industry knows something about how hard times. So I know it's been hard.
Obama told the crowd that if he wins Michigan he's convinced to win the election.
Hurricane Kyle is plowing northward in the Atlantic ,Atlanta you can see is expected to make landfall in eastern Canada sometime tonight or early tomorrow ,the storm will not directly hit Maine but tropical storm warnings are posted there ,from public radio Tom Porter has more.
The approach of hurricane Kyle has led to emergency preparations on the stretch of coast noticed down east.Rolling from Penobscot Bay which is about half of the state to the Canadian border. In this rugged sparsely populated stretch of new England's lobstermen are moving their boats into sheltered coast out of harm's way wherever possible, winds are expected to reach sixty miles per hour. The last time a hurricane watch was posted in Maine was when hurricane Bob paid a visit in 1991. For NPR news this is Tom Porter in Brunswick Maine.
Flood watches are in effect from New Hampshire to Maine as the hurricane brushes up the eastern seaboard.
This is NPR news from Washington.
Gasoline prices are down nearly four cents a gallon over the past two weeks self service regular now averages is three dollars 66 cents a gallon nationwide ,industry analyst Truby Lundberg.
Most cities are lower prices in the past two weeks. The biggest drop we found in our sample with Little Rock, Arkansas down 31 cents.
Lundberg expects prices at the pump to declined further over the next few weeks. Gas stations in parts of the southeast are still short on fuel has worried drivers keep topping off their tanks one of the city's most affected is Atlanta from Georgia public broadcasting, // reports.
Driving around at Atlanta you see gas station after a gas station with blank signs and when there is gas long lines will tell. Erik Work try to beat the system to fill up his Ford expedition. “I set my alarm for 2:45 AM. And jumped to mark Karr and looking for gas.” Through networking and texting with friends he knew that QT stations were likely to have gas. “The one closest to my house even at 3 AM. Had cars lined up in the street in both directions.” Rock with news of another QT on the street and got lucky no lines. This hit and miss situation officials say is caused by a shortage of supply from gulf refineries still reeling from hurricane shutdowns. For NPR news senses any cap a Pluto in Atlanta.
Voters in Ecuador have approved by a two to one margin a new constitution for the country the constitution that will significantly expand the powers of the country's leftist president Raphael Correa. He'll also be allowed to run for two more consecutive terms in office. Correa called the vote and historic victory. Critics say the new constitution gives the president too much authority.
I'm Craig Windham NPR news in Washington.
