TCF banks on college students The University of Minnesota is one of dozens of colleges and universities around the country that have partnerships with banks. Its deal with TCF brings in $1 million a year.6:53 a.m.
Minn. congressional members show support for rescue plan Several members of Minnesota's congressional delegation say the financial rescue package negotiators agreed on over the weekend will protect the public's interest.7:20 a.m.
Twins, fans wait to celebrate The Minnesota Twins won their regular season finale by shutting out the Kansas City Royals six to nothing at the Metrodome, but they are still not sure if they are the American League's Central Division champions.7:25 a.m.
Chris Farrell on the bailout agreement MPR's Chief Economics Correspondent Chris Farrell analyzes the Wall Street bailout agreement reached in Washington.7:55 a.m.
Somali Pirates Demanding Ransom For Ship
Pirates are holding a Ukrainian-operated ship carrying 33 Russian-built tanks off the coast of Somalia. They're demanding a ransom of $20 million for the release of the ship and crew members. One of the pirates says they will fight to the death if attacked. An American warship, the U.S.S Howard, is monitoring the situation.
California Going To The Dogs
It's harder to get away with driving while talking on your cell phone. But at least in California, you can still keep in touch with your pets. Gov. Arnold Schwarzenegger has vetoed a proposal to fine drivers with animals on their laps. Lapdogs are legal. The governor says he only wants to sign the highest-priority bills, and this isn't one of them. One lawmaker says he spotted a woman driving with three dogs on her lap.
Fired U.S. Attorneys' Probe Ends, Another Begins
The Justice Department's watchdog has published its final report on the firings of nine U.S. Attorneys. Those firings led to one of the most tumultuous chapters in the department's history. Eventually, Attorney General Alberto Gonzales was forced to resign along with more than a dozen other top officials. Attorney General Michael Mukasey has appointed a prosecutor to pursue possible criminal charges against them.
Wall Street Bailout Heavy On Paulson's Shoulders
Treasury Secretary Henry Paulson is more than just the man of the moment. He's likely the man who'll get the credit or the blame — depending on what happens with the economy. Paulson is the chief architect of the government's $700 billion bailout plan. One friend says Paulson is actually better under pressure.
McCain Grudgingly Supports Rescue Plan
Republican presidential nominee John McCain left the campaign trail last week to return to Washington to help negotiate a plan to rescue Wall Street. On Sunday, McCain told ABC News "the option of doing nothing is simply not an acceptable option." He said the goal is to get the economy moving again.
Obama Takes Economic Message To Detroit
Democratic presidential nominee Barack Obama was in Detroit Sunday speaking to more than 35,000 people at a rally. With the domestic auto industry continuing to shed jobs, this is a place where deep worries about the U.S. economy started well before the Wall Street crisis. The Illinois senator put the blame for the financial crisis on President Bush and the Republicans.
Mexico's Richest Man Buys Stake In New York Times
Mexican billionaire Carlos Slim is barely known in the U.S. Most of his wealth was created through the privatization of Mexico's telephone company. Slim recently bought a 6.4 percent stake in The New York Times Company.
European Bank Fortis Propped Up
The Wall Street bailout package negotiated over the weekend may not be enough to prevent the turmoil from spreading overseas. European banking officials have been working through the weekend to deal with the financial turmoil hitting Fortis, the largest retail bank in Belgium and Luxembourg.
Another Shoe Drops: Citigroup Acquires Wachovia
Wachovia is the latest bank to fall victim to the global financial crisis. The Federal Deposit Insurance Corp. announced Monday that Citigroup will acquire the banking operations of Wachovia. The FDIC says Wachovia says all depositors are protected and there will be no cost to the Deposit Insurance Fund.
Biden Logs Many Miles For Democratic Ticket
Democratic vice presidential nominee Joe Biden is a sharp contrast to his rival Sarah Palin, who's a relative novice. Biden has been in the Senate since 1972 and made a run for the presidential nomination twice. Now he's taken on a backbreaking schedule, from early in the morning to late at night, campaigning for his ticket.
McCain's Health Plan Focuses On High-Risk Pools
John McCain's plan to insure more people would rely heavily on high-risk health insurance pools, where individuals with pre-existing conditions buy their own insurance. Critics argue that these pools are expensive and cover only a fraction of the uninsured and uninsurable.
Look To Missouri To Predict Next President
Missouri is once again a battleground state in the presidential election. The Show Me State has almost always gone with the winner. Bill Clinton won there twice. So did George W. Bush. Recent polls give John McCain an edge for the state's 11 electoral votes.
Banking Industry Turmoil Relentless: Wachovia Sold
The bailout package heads for a vote in the midst of more turmoil in the banking industry. It was announced Monday that Citigroup is buying most of the assets of the troubled banking giant Wachovia. The Federal Deposit Insurance Corp. brokered the deal.
Sunni Group Says It's Being Harassed
The Sunni group, Sons of Iraq, has been vital in cutting down violence in Iraq. The organization was originally supported and paid for by the U.S. military. It has been negotiating its future with the Iraqi government. But the group's leaders say a campaign of harassment has begun against them.
Economy Stealing Election Spotlight
Barack Obama and John McCain met face-to-face Friday in a debate in Oxford, Miss. The Wall Street financial crisis dominated the first part of the discussion, while foreign policy was the focus in the second half. The financial crisis has changed the dynamic of the presidential election.
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