By Mark Memmott
Though health care remains atop the agenda in Washington, financial regulation will be competing for the spotlight today.
As this timeline shows, it's the one-year anniversary of Lehman Brothers' collapse. And as NPR's John Ydstie reports, "a year ago this week the global financial system teetered on the edge of collapse":
President Barack Obama will be on Wall Street today to deliver what the White House is billing as a "major speech on the financial crisis." That happens at noon ET. We'll "live-blog" the highlights, and NPR's Neal Conan will be on many NPR member stations anchoring coverage of the president's address.
Related story by Bloomberg News -- "Stiglitz Says Bank Problems Bigger Than Pre-Lehman": " Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc."
Related story by The Wall Street Journal -- "Government's Trial And Error Helped Stem Financial Panic": "It was only a year ago that the world economy was enveloped in a financial panic of such dimensions that, if one believes Federal Reserve Chairman Ben Bernanke, it threatened to produce a calamity as bad as the Great Depression. Today, the economy is far from vigorous. Unemployment remains high. Huge swaths of the financial system remain on government life-support. But the global recession appears over, and now forecasters are arguing over the pace and sustainability of recovery."
As for the other stories making headlines this morning, they include:
-- The Washington Post -- Poll Signals That "Reform Opposition Is High But Easing": "President Obama continues to face significant public resistance to his drive to initiate far-reaching changes to the country's health-care system, with widespread skepticism about central tenets of his plan, according to a new Washington Post-ABC News poll. But after a summer of angry debate and protests, opposition to the effort has eased somewhat, and there appears to be potential for further softening among critics if Congress abandons the idea of a government-sponsored health insurance option, a proposal that has become a flash point in the debate."
Related report by CBS News Face the Nation -- Sen. Snowe Says Public Option Blocks Consensus: "Moderate Republican Senator Olympia Snowe, R-Maine, said a public option in the health care bill is 'universally opposed by all Republicans in the Senate' and called it 'a roadblock to building the kind of consensus that we need to move forward,' on Face the Nation Sunday."
-- Morning Edition -- "U.S.-China Trade Frictions Escalate":
-- The Associated Press -- "Bin Laden Reportedly Calls Obama 'Powerless' ": "In an audio message posted on militant websites, a man thought to be al-Qaida leader Osama bin Laden says President Barack Obama is "powerless" to stop the war in Afghanistan. The voice also asserts that the new U.S. president is following the policies of his predecessor, George W. Bush. The terrorist-monitoring group SITE Intelligence has more on the message here.
Related story on Morning Edition -- "Timeline Of Afghan War's Progress Differs In U.S., Kabul":
-- New Haven Register -- Body Found May Be That Of Missing Graduate Student: " A body believed to be that of missing Yale graduate student Annie Le was found Sunday hidden inside a wall at 10 Amistad St., the building where she was last seen alive. It was supposed to be the day she would marry her college sweetheart and celebrate at a reception in a tony section of Long Island."
-- The Associated Press -- Kanye West Disrupts MTV Video Music Awards; Later Apologizes For Interrupting Taylor Swift's Acceptance Speech:
Related story on Morning Edition -- "NBC Gambles Big With Jay Leno In Prime Time":