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3:45 PM ET, September 25, 2008

memeorandum

 Top Items: 
Wall Street Journal:
Agreement Reached on Bailout Ahead of High-Level Meeting  —  Proposal Breaks $700 Billion Into Installments  —  A bipartisan group of House and Senate lawmakers left a two-hour-plus meeting in the U.S. Capitol on Thursday saying they have a “fundamental agreement” on a $700 billion plan to bail out U.S. financial markets.
RELATED:
Mark Finkelstein / NewsBusters.org:
Schieffer: Paulson Pleaded for McCain to Save Bailout  —  So much for a “stunt.”  —  John McCain got involved in the bailout negotiations after Treasury Secretary Henry Paulson told Sen. Lindsey Graham yesterday that the bailout plan would fail unless McCain came in and brought balky Republicans aboard.
David M. Herszenhorn / New York Times:
Lawmakers Seem Near Deal on Bailout  —  WASHINGTON — Lawmakers indicated Thursday that they were close to hashing out an agreement on a proposed $700 billion bailout of the financial system, hours before a meeting at the White House to complete the deal.  —  After Congressional staff members …
Tami Luhby / CNNMoney.com:
Congress has a plan  —  Lawmakers agree on bailout principles to protect taxpayers and ensure oversight.  —  NEW YORK (CNNMoney.com) — Lawmakers have reached agreement on a bipartisan counterproposal to the Bush administration's $700 billion financial bailout plan.
Discussion: EconLog and PoliBlog (TM)
Frank Ahrens / Washington Post:
Bailout Could Deepen Crisis, CBO Chief Says
Discussion: David Corn and QandO
Campbell Brown / CNN:   Brown: White House caught napping
Marc Ambinder:
Being Close To Russian Entails......  The next installment in Katie Couric's interview with Gov. Sarah Palin.  —  Watch CBS Videos Online  —  COURIC: You've cited Alaska's proximity to Russia as part of your foreign policy experience.  What did you mean by that?
RELATED:
CBS News:
Palin On Foreign Policy  —  “Exclusive”: Katie Couric talks with Gov. Sarah Palin about her foreign policy experience and Alaska's proximity to Russia.
Steve Benen / Washington Monthly:
PALIN'S UNIQUE SPIN ON THE BAILOUT.... When Sarah Palin sat …
Discussion: Balloon Juice and Sadly, No!
Ryan / Think Progress:
Palin: 'What The Bailout Does Is Help Those Who Are Concerned …
Discussion: Daily Kos
Frank James / The Swamp:
Sarah Palin fears Russians over Alaska?
Discussion: Top of the Ticket
Kevin Hechtkopf / CBS News:
In CBS Interview, Palin Calls For Surge In Afghanistan
Peter Hamby / CNN:
Palin takes questions from press corps for first time  —  NEW YORK (CNN) — Sarah Palin took questions from her traveling press corps Thursday for the first time since being tapped as John McCain's running mate.  —  Speaking to a small pool of reporters following a visit to Ground Zero in lower Manhattan …
RELATED:
Kenneth P. Vogel / The Politico:
In a first, Palin takes press questions
Mark Silva / The Swamp:
Sarah Palin answers questions: Four
Discussion: Top of the Ticket
RELATED:
The Huffington Post:
Obama Will Make Debate A Townhall If McCain Doesn't Show  —  UPDATE: An adviser Barack Obama says he expects John McCain to attend: … Barack Obama is committed to hosting a public, televised event Friday night in Mississippi even if John McCain does not show up, an official close to the Obama campaign tells the Huffington Post.
RELATED:
Marist Poll:
Face Off: The First Presidential Debate?
Discussion: Donklephant
Ross Douthat:
An Election About Nothing
Discussion: Commentary and Eunomia
Hillary Rodham Clinton / Wall Street Journal:
Let's Keep People In Their Homes  —  There is a broad consensus that Congress must act to stave off deeper turmoil on Wall Street.  Irrespective of the final agreement yet to be reached, there are several principles that must be part of a broader reform effort that begins this week and continues in the coming months.
RELATED:
Bob Cusack / The Hill:
McCain has not sponsored a banking bill this Congress  —  Republican presidential nominee John McCain has not introduced any banking or housing bills in the 110th Congress, while Democratic rival Barack Obama has proposed five.  —  Both candidates are traveling to Washington on Thursday …
James K. Galbraith / Washington Post:
A Bailout We Don't Need  —  Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers, Goldman Sachs and Morgan Stanley — have disappeared or morphed into regular banks, a question arises.  —  Is this bailout still necessary?  —  The point of the bailout …
RELATED:
Josh Wolk / EW.com:
Jon Stewart and Stephen Colbert: Mock the Vote  —  With just five weeks left until election day, our favorite pundits discuss the power of Sarah Palin, why TV news is about as credible as Muzak, and whether Barack Obama is going to be “sworn in on a gay baby”
Jonathan Martin / Jonathan Martin's Blogs:
What liberals are up in arms about this morning  —  McCain revealed in an interview with a Cleveland TV station Tuesday that he hadn't yet read the administration's three-page bailout proposal.  —  “I have not had a chance to see it in writing,” McCain said.  “I have to examine it.”
Gallup:
Gallup Daily: Race Back to a Tie at 46% Each  —  PRINCETON, NJ — John McCain has gained ground and is now tied with Barack Obama among registered voters in the latest Gallup Poll Daily tracking update for Sept. 22-24, with each candidate getting 46% support.
Dan Balz / Washington Post:
Selfless or Reckless?  McCain Gambles On Voters' Verdict  —  John McCain is a gambler by nature, and the bet he placed Wednesday may be among the biggest of his political life.  —  The Republican presidential nominee is hoping that his abrupt decision to suspend campaigning …
RELATED:
Mary Ann Akers / Washington Post:
Third Party Candidates Want McCain's Debate Spot
Discussion: The Corner
Chicago Sun Times:
Obama grant being probed  —  A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports …
 
 
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 More Items: 
Marc Ambinder:
Overlooked?  —  Today is the first day of Sen. Ted Stevens' trial …
Discussion: Outside The Beltway
Matt Stoller / Open Left:
Pelosi: There's a Deal, Boenher: No Deal
Discussion: Daily Kos
Martin Kady II / The Crypt's Blogs:
McCain huddling with Boehner, Kyl to rally GOP support
Discussion: Salon and TIME.com
William Kristol / Weekly Standard:
Can McCain Thread the Needle?
Andrew Sullivan / The Daily Dish:
Palin, Muthee And The “Israelites”
 Earlier Items: 
David Goldman / CNNMoney.com:
Jobless claims soar near 7-year high
USA Today:
Lobbyists in ‘feeding frenzy’
Karl Rove / Wall Street Journal:
The First Debate Could Be Decisive
Discussion: The Huffington Post
Reuters:
China banks told to halt lending to US banks-SCMP
David Levinson Wilk / The Politico:
Times puzzle is clueless about McCain
Discussion: Weekly Standard and Gawker
 

 
From Techmeme:

Emma Roth / The Verge:
The US DOJ sues Adobe for allegedly harming “consumers by enrolling them in its default, most lucrative subscription plan without clearly disclosing” plan terms

Chance Miller / 9to5Mac:
Apple says it will no longer offer Apple Pay Later, the BNPL service launched in the US in 2023, and will focus on installment loan features coming in 2024

María Paula Mijares Torres / Bloomberg:
Stablecoin provider Tether says it made a synthetic dollar that is backed by gold and will trade as aUSDT via smart contracts on the Ethereum Mainnet blockchain

 
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