News Minute: Financial crisis talks...Europeans develop plans...McCain's new economic proposals

Associated Press - October 12, 2008 4:53 PM ET WASHINGTON (AP) - Members of the World Bank have agreed to protect poor and vulnerable countries in the current financial turmoil. The bank and the International Monetary Fund are wrapping up their annual meetings in Washington. Treasury Secretary Henry Paulson warned them today of the dangers of "inward-looking policies." PARIS (AP) - France's President Nicolas Sarkozy (sahr-koh-ZEE') says countries that use the euro will temporarily guarantee bank refinancing to ease the credit crunch. That's 1 of several financial rescue measures taken at an emergency summit of leaders of the 15 euro-zone countries today in Paris. WASHINGTON (AP) - A top adviser to John McCain says the presidential hopeful is weighing... [read full story]