Stocks tumbled Wednesday, with the Dow losing over 200 points, amid a $5 spike in oil prices, more problems for the bank sector and a report showing continued economic weakness.
John McCain and Barack Obama have starkly different philosophies about tax policy - how to raise the revenue needed to support government programs, spur growth and ensure economic fairness.
The growing problem of long-term unemployment led a strong majority of the House to vote for a measure to extend benefits from 26 to 39 weeks today. But the measure failed to pass it did not achieve the two-thirds majority necessary to clear a procedural hurdle.
Stocks tumbled Wednesday, with the Dow losing over 200 points, amid a $5 spike in oil prices, more problems for the bank sector and a report showing continued economic weakness.
John McCain and Barack Obama have starkly different philosophies about tax policy - how to raise the revenue needed to support government programs, spur growth and ensure economic fairness.
Oil prices shot up more than $5 on Wednesday, erasing most of the losses that crude posted earlier in the week and leading some analysts to wonder when oil's dramatic doubling from last year's price levels will end.