The First Draft
Today is Veterans Day, a government holiday. President Bush will give a Veterans Day address at the Intrepid Sea, Air and Space Museum in New York.
Defense Secretary Robert Gates and Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, will participate in a wreath-laying ceremony at Arlington Cemetery.
President-elect Barack Obama‘s visit with Bush at the White House on Monday dominated the morning news shows, along with interviews from Alaska Gov. Sarah Palin.
Obama pressed Bush to help the struggling auto industry, The New York Times reported. It says Bush indicated he might support some aid if Democrats accepted the free-trade deal with Colombia.
Palin told Fox news and others she wanted to do more media interviews during her turn as Republican John McCain’s vice presidential running mate during the recent election. And she isn’t ruling out another run for high office.
“If there is an open door in ’12 or four years later and if it is something that is going to be good for my family, my state, my nation, an opportunity for me, then I’ll plow through that door, but I can’t predict what’s going to happen,” she said.
Economic woes dominate other big U.S. newspapers. The Washington Post says Fannie Mae and AIG are still struggling despite their federal takeover.
The Wall Street Journal leads with strains mounting on the federal financial bailout. Fannie Mae may need another cash infusion, it says, and American Express has won quick approval from the Federal Reserve to become a bank holding company, which makes it eligible for cash from the Treasury.
U.S. stock futures are down Tuesday morning, pointing to another drop on Wall Street following a slide in Asia and Europe earlier in the day.