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From NPR news in Washington, I am Jack Speer.
After a summit at White House today between top congress ion/ congressional leaders, the President Bush and both presidential candidates, as well as a proposed of 700 billions dollars financial bailout deal now appears to be in some flocks. NPR Debbie Elliott has more.
Congressional negotiators had announced an agreement in principle with Bush administration. The Treasury would get authority to buy bad debt from financial institutions. With oversight curbs on executive pay and foreclosure mitigation. The key Republican are not on board. After the White House session, the Alabama senator Licher Shallbi, the ranking republican on banking committee, said it is not a done deal. “That agreement is obviously no green". Earlier House speaker Nancy Polosy acknowledges that lawmaker are hearing from angry constituents. "Taxpayers are justifiably what concern and vocal about it. They do know by and large though that we must intervene. " Debbie Elliott NPR news, the capital.
Democratic presidential hopeful Barack Obama after today's White House meeting, says despite the disagreement on some aspects, he believe this "essential/sense of urgency on the part of everyone and something should be done". In an interviewed on CNN, Obama said what side made progress, he said there is still items to be worked out. "I think it's going to have to be some discussion between the President, Secretary Henry Pauson, House republicans, perhaps senate republicans although they have been, I think, working well with senate democrats, to figure out what exactly they want additionally to see".
On the topic of Friday's scheduled presidential debate, Obama said he believes should go ahead as planned. Republican John McCain has asked the debate to be postponed until there is agreement on the administration proposed bailout bill.
A top European diplomat says it could take years to solve the dispute between Russia and Georgia over Ossetia regions. But it more hopeful now Russia would at least let in some outside observers. NPR Michele Kelemen reports.
Finnish Foreign Minister Alexander Stubb still is the current chairman of the organization for security and cooperation in Europe, which used to have a few observers on the ground in South Ossetia before the conflicts over that breakaway region in August. Stubb has been trying to persuade Russia to allow 8 military observers back into South Ossetia, and he said he came away with his talks with Russia foreign minister Sergey Lavrov a bit more hopeful. “But let's be frank come in Russia been in the driving seat in these conflict from the beginning in many ways." US said it was a mistake for Russia to recognize the independence of South Ossetia and Abkhazia. Stubb told the NPR, he didn't want to play the blame game, and it could take many years to negotiate an end to territory dispute. Michelle Kellerman ,NPR news, the United Nations.
On Wall Street, the DOW industry average gain 196 points close at 11023, the NASDAUE was up 30 points, the standard POLL 500 rose 23 points. This is NPR.
US military officials are confirming today the Pakistan troops fired on two American reconnaissance helicopters nearly Afghan-Pakistan border, and ground troops then also exchange fire. One of injuries reported the incident comes at a time of high intension with US recent stepping up cross border operations in the area to flush out Al-quaida and Taliban troops. US spokesman says the helicopter is on routine patrol when they came under the smoke arm fire. Pakistan military says its troops only fire warning shots as helicopters across Pakistan territory.
Searchers have found a safer way to make stem cells and it could some day be in therapies. NPR Joe Palca has the story.
Scientists have been extremely excited about the new aid to make cells that as promising in human embryonic stem cells for developing treatment for decease, but do not require destroying a human embryo. The technique involves inserting a cocktail, a four gemes into the cells. Somehow these four genes can convert a normal skin cell into a cell behaved like embryonic stem cell. But the technique has potential problem. The four genes are themselves known to cause cancer. Writing to the Journal Science, researchers at Harvard medical school have the way to eliminate these genes after the desired stem cells are created. The approaching involves effecting cells with virus that only turns on the genes temporarily. Stem cells made in this way should be safer to put into patients. Joe palca, NPR news, Washington.
Crude oil future prices ended this session higher. The near month contract for benchmark grade crude was up $2.29 a barrel today and close just over 108 dollars on New York mercantile exchange.
I am Jack Speer, NPR news in Washington.
