CBS Evening News - 2008-09-16

Name: CBS Evening News - 2008-09-16
Uploaded: 2024-09-04
Duration: 1237 s
Channel: malgent
Description: Read a transcript preview of “CBS Evening News - 2008-09-16” from malgent, uploaded on 2024-09-04.

Channel: malgent

Uploaded: 2024-09-04

Duration: PT1237S

Read a transcript preview of “CBS Evening News - 2008-09-16” from malgent, uploaded on 2024-09-04.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:02] Tonight, the financial world still on

[0:04] edge. Insurance giant AIG teeters on the

[0:07] brink as Wall Street and Washington

[0:09] scramble to save it.

[0:11] I'm Harry Smith. Also tonight, Ike up

[0:14] close.

[0:15] An entire neighborhood gone and lives

[0:18] changed forever.

[0:19] How bad is it?

[0:20] It is catastrophic.

[0:22] Millions could lose their homes in the

[0:24] mortgage mess. Which candidate has the

[0:26] best plan to help? Our special series,

[0:28] where they stand.

[0:30] And parents, lighten up. A new study

[0:33] says video games might actually be doing

[0:35] your children some good.

[0:42] This is the CBS Evening News with Katie

[0:45] Couric.

[0:48] Good evening. Katie will join us in a

[0:49] few moments from the campaign trail, but

[0:51] we begin with another nervous day in the

[0:53] financial markets. Today, the Fed showed

[0:56] some tough love by leaving a key

[0:58] interest rate unchanged, hoping the

[1:01] economy will ride out the storm without

[1:03] a rate cut. The Dow bounced back a bit,

[1:06] but nothing close to yesterday's 500

[1:09] point sell-off. And all eyes are on AIG,

[1:13] the country's biggest insurance company.

[1:15] Can it survive? The latest on another

[1:17] wild day from Anthony Mason.

[1:24] After frantic foreign markets tumbled,

[1:27] Fed Chairman Ben Bernanke and other top

[1:29] economic advisers met with the president

[1:31] today, but the White House canceled

[1:33] plans for any comment.

[1:35] A day after the failure of Lehman

[1:37] Brothers and the fire sale of Merrill

[1:39] Lynch, attention turned to AIG, the

[1:42] latest financial giant in distress. A

[1:45] trillion-dollar company, AIG is the

[1:47] largest insurer by assets in the

[1:49] country. But after its credit rating was

[1:52] downgraded o