countries. the announcement comes on the same day france, belgium, and luxembourg agreed to rescue dexia, a major franco belgian bank. a couple of hours ago, i spoke with cnn s senior international business correspondent, richard quest. he tells me that what is going on in europe is very similar to what happened in america back in 2008. you really don t want the investment bank to fail. why? because a big investment bank failing of this particular time would cause a ripple of crisis of confidence and that s what happened with lehman in 2008. we re going to see more banks over the coming weeks that whether they fail or not, they re going to need more money. what the authorities are going to have to judge is when is it right to rescue and when is it time to let go? finance ministers from the g-20 nations are scheduled to meet later on this week to discuss the growing crisis. and now to economic concerns here in the u.s. this week, the senate will vote on president obama
president obama stumps for his jobs plan in pittsburgh on tuesday. he ll address international brotherhood of electrical workers at their training center. and governor rick perry will also be in pittsburgh next week. he will deliver a policy address on friday, focusing on energy and job creation. and mitt romney will have town halls across new hampshire on monday. you can see him in new hampshire. and we ll get another financial litmus test for those running for the white house next week. saturday is the deadline to announce third quarter fund-raising numbers. and now to other news, a looming showdown over the president s jobs bill. the u.s. senate is expected to vote on the measure earlier this week. the $447 billion package will be paid for by a tax on millionaires, which would raise revenues by $453 billion over ten years. it includes funding for infrastructure projects and job training. a live report on the brewing battle is just seconds away. the voices of protesters
democratic district for 80, 90 years. chuck schumer s old seat and a republican wins it, running on a conservative republican message against obama s failed economic policies. it is simple, you ve got president obama thinks that 14 trillion of debt is no problem. we understand it is drowning our country s economy. he believes more taxes the answer. we understand you need to cut tabs. he believes more regulations will fix the economy. we understand epa and other regulations are standing in the way of job creation. even democrats, the same democrats who voted for those stimulus policies, obamacare returning away, hoping to survive despite his poll ratings and failed policies. sean: how interesting after the summer of recovery, geithner is saying we are at the early stage of a crisis. we lost our aaa rating.
in new york the most democratic district for 80, 90 years. chuck schumer s old seat and a republican wins it, running on a conservative republican message against obama s failed economic policies. it is simple, you ve got president obama thinks that 14 trillion of debt is no problem. we understand it is drowning our country s economy. he believes more taxes the answer. we understand you need to cut tabs. he believes more regulations will fix the economy. we understand epa and other regulations are standing in the way of job creation. even democrats, the same democrats who voted for those stimulus policies, obamacare returning away, hoping to survive despite his poll ratings and failed policies. sean: how interesting after the summer of recovery, geithner is saying we are at the early stage of a crisis. we lost our aaa rating.
you strength of the tea party is christine o donnell and even sharon angle, it helps democratincumbents who are better known. jamie: that s a comparison we hear again and again from democrats and justin, i m interested in independents and we see carl cameron in nevada with the lineup of early vote,. do independents show up for mid term elections? do you think they will this year? typically the voters registered with a party, turn out higher numbers than people without a party. and however, this year, a political independents are upside down on nancy pelosi and leadership in congress and upside down and more independents disapprove of president obama s job in office than approve and a lot is driven by the stimulus policies and health care reform and i think you ll see higher turnout this year amongst independents and that s bad news for the democrats. the same independents that helped put barack obama in