The Presidential Daily Brief

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    Officials Plan Moves as Markets Tank

    It's more than they can bear. After Wall Street experienced its darkest day since 1987 Thursday, policymakers scrambled to find ways to ease the global financial crunch. U.S. Congress will consider a massive rescue package later today — which includes beefed-up unemployment benefits and paid sick leave — while central banks in Japan and Europe said they'd ease lending and step up bond-buying.

    Will stimulus efforts help? Analysts say it's the right move, but warn that "the fear of the unknown" trumps what might otherwise be logical responses to policy intervention.

    Read OZY's Special Briefing on whether free cash can save us from recession.

This story is part of The Presidential Daily Brief

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