Today's Highlights
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Israel and Palestinians meet in direct talks; will meet again in two weeks
Today
Sec. of State Hillary Clinton brought together Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas for their first face-to-face meeting on Middle East peace talks since December 2008. Read More »
In remarks by special State Dept. Envoy George Mitchell, he said that the first round of talks continue and that after today the Israelis and the Palestinians will meet again in the Middle East on Sept. 14th and 15th. Sec. of State Clinton will also attend those meetings. He also stated that both parties have agreed on several points of discussion including to have a two state solution and to complete the talks in one year.
President Obama met yesterday with the leaders of Israel, Jordan, Egypt and the Palestinian Authority and later hosted a working dinner at the White House with the four leaders.
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Bernanke tells Panel 'too-big-to-fail problem must be solved'
Today
Federal Reserve Chairman Ben Bernanke testified to a finance commission this morning that federal regulators could have done a better job dealing with the 2008 mortgage crisis. He stressed that the Fed must "cancel the too-big-to-fail program."
"There must be a credible way to let large companies fail," said Bernanke before a bipartisan commission investigating the 2008 financial crisis. He also suggested that the Fed must be ready to shut down the largest institutions if they threaten to break the financial system. "If the crisis has a single lesson", it is that the too-big-to-fail problem must be solved."
Yesterday former Lehman Brothers chairman and CEO Dick Fuld placed blame for his company’s bankruptcy on government regulators, saying they were not given the same aid that was its competitors received. Fuld went on to say that the same regulators relied on “flawed information” when assessing Lehman's financial state.
Federal Deposit Insurance Corp. Chairman Sheila Bair is now testifying on the second and final day of the Financial Crisis Inquiry Commission (FCIC) hearing. The panel is investigating the 2008 financial crisis, looking at the role of the two financial groups and their roles in the concept of "too-big-to-fail."
The 10-member bipartisan commission was created by Congress to investigate the 2008 financial crisis, it's due to report its findings this December.
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Panel Examines the Tea Party Movement
Today
The American Political Science Association (APSA) is holding their annual meeting in Washington, D.C. over the next three days. One of today's panel discussions will address “Tea Parties and the Future of Big Government.”
Earlier this week, Incumbent Alaska Senator Lisa Murkowski conceded the Republican primary to her Tea Party-backed challenger Joe Miller, in what political analysts are calling the biggest upset of the election year thus far.
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Recent Programs
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The American Political Science Association conducted their 2010 annual meeting where presidential speechwriters and scholars analyzed the rhetoric used by President Obama in his public speeches.
Washington, DC
: 1 hr. 37 min.
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 Discussion on Obama Speeches
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Senator Barbara Boxer (D-CA) and Republican candidate Carly Fiorina participated in their first debate in an hour-long event held at Saint Mary's College in Moraga, California. KTVU Political Editor Randy Shandobil moderated the debate and the candidates answered questions from a panel of California political reporters.
Moraga, CA
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California Senate Debate
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The Arizona candidates for governor met for their first debate in Phoenix. Arizona Republican Governor Jan Brewer, Democratic State Attorney General Terry Goddard as well as several third party candidates participated in this hour-long debate, moderated by KAET-TV Horizons host Ted Simons. The group, Citizens Clean Elections Commission, organized this debate.
Phoenix, AZ
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Arizona Governor Debate
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Outgoing White House Economic Adviser Christina Romer spoke at the National Press Club in Washington about the Obama Administration’s economic policies. She defended the success of last year’s $787 billion stimulus and called for more federal spending to speed up economy recovery. Romer is the chairman of the President’s Council of Economic Advisers and will leave that position on September 3, returning to the University of California, Berkeley, where she is an economics professor.
Washington, DC
: 1 hr. 5 min.
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Romer at NPC
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Topics at this State Department briefing included the possibility of
re-opening talks with North Korea and the start of Middle East peace talks. Secretary of State Hillary Clinton is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas a day after the two leaders meet with President Obama.
Washington, DC
: 1 hr. 14 min.
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State Dept. Briefing
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Vice President Joe Biden participated in a change of command ceremony as part of the last phase in the U.S. military handover to the Iraqi military, which is being called “Operation New Dawn." During the ceremony, the vice president said the transfer of authority from Defense to the State Department symbolizes a "different chapter in the relationship with Iraq." General Raymond Odierno has been replaced by Lieutenant General Lloyd Austin as the U.S.-led combat mission switch to a diplomatic approach.
Washington, DC
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Ceremony: Earlier Today
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Coast Guard Admiral Thad Allen (Ret.) spoke to reporters in Houston, Texas to provide an update on ongoing response efforts to the Deepwater Horizon BP oil spill in the Gulf of Mexico. (Courtesy KPRC)
Houston, TX
: 26 min.
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Admiral Allen Daily Oil Spill Update
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This Week on C-SPAN
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Saturday at 6pm (ET)
on
C-SPAN Radio
Supreme Court Oral Argument: Panetti v. Quarterman (2007)
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Sunday at 8pm (ET)
on
C-SPAN
Q&A: Meredith Whitney, Financial Analyst
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