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Valerie Vazquez-Rivera from the New York City Board of Elections said the city is experiencing "unprecedented" voter turnout, with some people lining up outside polling places as early as 4 a.m. Long lines were also reported in Virginia, North Carolina, New Jersey and Iowa.
The Associated Press reported that voters needed to use paper ballots because of problems with electronic voting machines in some New Jersey precincts, and in Virginia, voters endured longer than usual waits in one instance because, poll workers said, the head of a branch library had overslept.
Eight years after Florida's election debacle, casting a valid vote can mean navigating a patchwork of sometimes baffling state and federal election laws, harried volunteer poll workers and new voting machinery. Add to that an expected record turnout, including many first-time voters and millions who will vote on unfamiliar machinery, and a myriad of problems -- more than the usual polling place snafus and fraud claims -- are inevitable.
The McCain campaign said it has heard from field offices that some Republican election board workers in Pennsylvania have been thrown out by the local judge of elections. Ben Porritt, a McCain spokesman, released a statement saying, "Election board officials guard the legitimacy of the election process and the idea that Republicans are being intimidated and banned for partisan purposes does not allow for an honest and open election process."
The problems are expected to continue throughout the day. Whether they will matter remains to be seen. If the election is a landslide, a few hundred votes here or there won't matter much. But if the race is close, the court decisions and recounts could play a major role in the election.
Election experts expect that many voters may face poorly-maintained voter registration rolls, partisan challenges to their identities, broken voting machines, long lines and machine and ballot shortages. Thousands of lawyers from both camps have fanned out across the country to keep an eye on possible voting irregularities, and to jockey for political advantage.
Lawyers for both parties could file legal challenges on provisional and absentee ballots, the expertise of poll workers, the efficiency of voting machines and the hours of operation at polling places. Here are some key voting issues and states to watch for as Election Day gets under way.
Will the System Be Overwhelmed?
A flood of voters is expected at the polls today. If the long lines of early voters are any indication, the record numbers will strain voting systems, particularly in states, such as Pennsylvania, that don't allow early voting.
The expected high turnout could mean hours-long waits, particularly in urban areas, strained voting machines, making breakdowns more likely, and complaints that some people were preventing from voting.
All this could lead to Election Day lawsuits asking to keep the polls open longer, which Republicans are expected to challenge. Some might chafe at extending hours for some counties and not for others. Brenda Wright, legal director of the voting rights group Demos, told ABC News last week, "The very fact that you may have some voters getting through polling places in 15 minutes, while other voters are having to wait for hours, creates a potential equal protection problem."
The exact definition of the end of a line could create its own legal problem. If significant numbers of voters are unable to vote -- especially if the long lines are predominantly in minority neighborhoods -- lawyers may try to challenge the fairness of the voting system, as has already happened in Virginia.
Labels: election, last day, McCain, minority neighborhoods, obama, polls, potential equal protection, USA, Virginia, voting system
"We are two days away from changing America, and it's going to start right here in the great state of Ohio," Obama told a crowd of over 60,000 people in front of the Columbus state house, reported Agence France-Presse (AFP).
"In two days, at this defining moment in history, you can give this country the change we need."
Obama's wife Michelle joined her husband in exhorting the huge crowd of supporters to remake the nation as the would-be first family put on a loving tableau two days from election day.
She told the rally in the must-win state of Ohio, which carries 20 electoral votes, that the campaign had been an "amazing journey," as young and old found a voice in politics for the first time.
Michelle insisted the race was not about Obama.
"It never was, it never will be. This race is about us, all of you, the millions of you who want to change this country and want to be part of building a different kind of democracy," she said.
"There's this beautiful thing about my husband, he thinks he can do everything," she said, while stressing he could not defeat McCain on his own.
"Now, it's our turn," Michelle. "If we want a leader like Barack Obama, our job is to send him to the White House.
"Barack Obama needs you for the next two days. He's going to need you for the next four years and eight years."
Polls show that the result in Ohio, which narrowly voted Republican in 2004, could still go either way.
Obama, the 47-year-old Illinois senator bidding to become America's first black president, is leading in all national polls against Republican rival John McCain.
In its latest national tracking poll Sunday, Zogby International had Obama on 49.5 percent to McCain's 43.8 percent.
A Washington Post-ABC News poll gave Obama a 53-44 percent lead.
The latest Rasmussen daily poll showed Obama leading with 51 percent of the vote with McCain five points back on 46 percent.
Possible Comeback
Despite more gloomy news from the opinion polls, McCain predicted victory in his election race.
"We are going to win in Pennsylvania, we are going to win this election - I sense it and I know it," he told supporters in Wallingford
"We are going to win here and we are going to bring real change to Washington," he added, in the first of two rallies in the state.
"We've got two days, knock on doors, with your help we can win. We need you to volunteer, we need a new direction and we have to fight for it," the 72-year-old Arizona senator told supporters.
"My friends -- the Mac is Back."
Pennsylvania, a crucial state with a rich harvest of 21 electoral college votes, voted Democratic in 2004.
The state has not been won by a Republican since 1988, and Obama has maintained a steady lead averaging nine points in polls.
McCain's campaign manager Rick Davis said the polls were skewing the true perception of the race.
"There is no doubt that John McCain is increasing his margins in almost every state in the country right now and I think what we're in for is a slam-bang finish," he said on Fox News Sunday.
"He's been counted out before and won these kinds of states, and we're in the process of winning them right now."
The presidential campaign has narrowed down to states that have been reliably Republican in recent elections, or in the case of Virginia, Indiana and North Carolina, that have not voted for a Democratic hopeful in decades.
Obama's chief strategist, David Axelrod, noted Democrats have had an advantage in early voting in key states like Colorado and Florida.
"In Colorado last time, the Republicans had an 8-point edge in early voting. We have an edge now," he said on ABC's "This Week."
"In Florida, they finished early voting and absentee voting 40,000 votes ahead. We think we're going to have a 350,000 vote edge."
The historic campaign has lasted nearly two years and cost more than $2 billion.
Labels: billion, David Axelrod, early voting, election, historic campaign cost, Mac is Back, McCain, Michelle, obama, Obama's wife
"My friends, it's official: There's just one day left until we take America in a new direction," McCain said at a raucous, heavily Hispanic rally in Miami just after midnight.
The candidates' disparate schedules on the last day of the long presidential contest reflected the overall state of the race going into its final hours.
Obama, cruising comfortably ahead in national and many battleground state polls, was starting his day with a late morning rally in Jacksonville, before heading to events in Virginia and North Carolina.
McCain, meanwhile, was struggling to hang onto those and other states that voted for President Bush in 2004 in hopes of preserving a slim path to victory Tuesday night.
The Arizona senator planned a demanding schedule across time zones, beginning early in Tampa and going on to Tennessee, whose media market reaches into Virginia. He was also scheduled to hit Pennsylvania, Indiana, New Mexico and Nevada before ending early Tuesday with a rally in Prescott, Ariz., before returning home to Phoenix.
McCain's running mate, Sarah Palin, was racing through five Bush states — Ohio, Missouri, Iowa, Colorado and Nevada — in an effort to boost conservative turnout. The Alaska governor has been a popular draw for many GOP base voters.
Joe Biden, Obama's running mate, was to campaign in Missouri, Ohio and Pennsylvania.
Polls show the six closest states are Florida, Indiana, Missouri, North Carolina, Nevada and Ohio. The campaigns also are running aggressive ground games elsewhere, including Iowa, New Mexico, Pennsylvania, New Hampshire, Colorado and Virginia.
Breaking with tradition, both candidates planned to campaign on Election Day. McCain scheduled campaign stops in Colorado and New Mexico while Obama was set to make a quick trip to Indiana before returning to Chicago for a massive rally in Grant Park.
Labels: Arizona senator, campaign, candidates, election, last day, McCain, Missouri, obama, Ohio, Pennsylvania
If the October surprise was that we weren't surprised, November's surprise is that we still might be.
(And Barack Obama and Sarah Palin definitely still can be.)
For consumption this Sunday: A presidential candidate sends back money to an aunt he didn't know was around, because she's in the country illegally. Another presidential candidate gets his nationally televised infomercial -- and tries to hawk cheap commemorative flatware.
A vice-presidential endorsement is turned into a quickie TV ad -- by the other side. A would-be vice president agrees to a hunting date with a Canadian comedian posing as the president of France.
Just enough surprises to remind us: For every certain assertion, there's a caveat; for every poll, an outlier; for every clear-eyed prediction, clouds.
The map may be turning blue, but red-state voters stand the best chance of glimpsing a candidate between now and Tuesday. Obama spends his Sunday hitting Ohio's three largest cities, (with Bruce Springsteen joining him in Cleveland), then visits Florida, North Carolina, and Virginia on Monday before winding his journey up in Chicago.
John McCain makes his final stabs at offense Sunday, in Pennsylvania and New Hampshire (a superstitious candidate does his final town hall in a lucky spot), before ending his day in Florida. Seven states Monday: Florida, Tennessee (to reach a remote swath of Virginia), Pennsylvania (again), Indiana, New Mexico, Nevada, and, finally, Arizona.
(Worth questioning, outcome depending: Why is McCain insisting on a final New Hampshire stop? Why is Obama not making a final Pennsylvania stop?)
Palin does a full Ohio day Sunday, then spends Monday in Ohio, Missouri, Iowa, Colorado, and Nevada; she won't breathe blue-state air until after the election, save for a refueling stop in Seattle as she heads back to Alaska.
For Biden, it's all Florida Sunday, then Missouri, Ohio, and Pennsylvania Monday, on his way back to Delaware.
If cartography is destiny, the landscape for McCain is bleak indeed.
"Mr. Obama was using the last days of the contest to make incursions into Republican territory, campaigning Saturday in three states -- Colorado, Missouri and Nevada -- that President Bush won relatively comfortably in 2004," Adam Nagourney writes in The New York Times. "The campaign's final days brought a reminder of how Mr. Obama's financial might had allowed him to redraw the political map. In addition to the states he visited on Saturday, Mr. Obama was planning stops Sunday in Florida, North Carolina and Virginia, which went Republican four years ago."
"Barack Obama and the Democrats hold a commanding position two days before Tuesday's election, with the senator from Illinois leading in states whose electoral votes total nearly 300 and with his party counting on significantly expanded majorities in the House and Senate," David Broder, Dan Balz, and Chris Cillizza write in The Washington Post. "The senator from Arizona has not been in front in any of the 159 national polls conducted over the past six weeks."
The counter(spin): "The race is changing quickly," McCain pollster Bill McInturff tells the Post.
"We are certainly encouraged by the tightening of the polls," McCain adviser Nicolle Wallace tells the Times.
The overused phrase: McCain needs to draw an inside straight. The underused phrase: McCain needs blackjack, then again, again, and again.
"History does favor Obama on one turnout count: the weather. AccuWeather.com says it will be unseasonably warm and dry on Election Day," Tankersley writes.
The only thing left impervious to spin is the travel schedule, and the picture it depicts is cramped for John McCain. "Both candidates have spent the last week -- and plan to spend the final days of the campaign -- stumping almost entirely in states that went for President Bush in the last presidential election," Lisa Lerer and Carrie Budoff Brown write for Politico.
McCain might get them, if he could find them: "Persuadable voters have dwindled in the closing days of the presidential election: Nearly a quarter of likely voters report that they've already cast their ballots, and, among the rest, 93 percent say their minds are definitely made up," ABC polling director Gary Langer writes. "That underscores the peril for John McCain, trailing Barack Obama in vote preference with relatively few minds left to change. The dearth of movable voters marks the final shift from persuasion to turnout -- an effort, by each side, to get its voters to vote."
Consumers face higher shop prices, dearer fuel and more expensive holidays after the pound slumped yesterday.
Sterling took a hammering as economic figures showed the UK approaching full-blown recession.
On the 79th anniversary of the Great Crash of 1929:
• Britain's economic output slid 0.5 per cent - more than twice the decline expected by the City;
• Markets tumbled around the world, with leading UK shares losing almost £50billion;
• Sterling had its worst-ever week against the dollar since 1971 and hit a record low against the euro;
• The oil cartel Opec cut production, a move likely to increase petrol prices up to 5p a litre;
• Experts warned that hedge funds are facing disaster, with billions likely to be wiped off savings and pension funds;
• Hundreds of jobs were axed in the insurance, cosmetics, haulage and textile industries.
The plunge was prompted by the worst set of UK growth figures for 18 years, recording the first time that the economy has officially contracted since 1992.
The Office for National Statistics reported UK output dropping 0.5 per cent between July and September.
Another fall in the final three months of the year would propel Britain into the first official recession since the days of John Major.
Tory leader David Cameron declared: 'This is the day the recession became real.
'We have had ten years of a Government saying no more boom and bust. We have had ten years of a Government not putting aside money for a rainy day. Well, that rainy day has now come.'
At one stage, the pound was worth as little as $1.52, prompting speculation that the UK was on the brink of a currency crisis.
Although it later rallied, it has lost a quarter of its value against the dollar over the past year.
Labels: Asian markets, crises, dollar, Economy, electronic goods, financial, human history, industries, orices, shares, UK
Obama was resuming his campaign in Nevada on Saturday with rallies in Reno and Las Vegas before holding one at night in Albuquerque, N.M. The Democrat put aside political events on Thursday night and Friday to spend time with his grandmother in Hawaii, whom he described as gravely ill.
McCain, pivoting from his three stops in Colorado on Friday, will also be pushing hard in New Mexico on Saturday. He is holding rallies in Albuquerque and in Mesilla, farther south.
As the collapsing economy consumes voter attention, McCain has seized a line of attack that Obama is poised to deepen the problem by raising taxes. He said in Denver that Obama won't target the rich but rather the middle class by putting it "through the wringer."
Obama counters that he would lower taxes for most wage-earners and that McCain's tax plan favors wealthy corporations. He has tagged McCain as being out of time and ideas.
Polls show the path to the winning tally of 270 electoral votes is tricker for McCain, a Republican weighed down by the economic crisis and an unpopular incumbent president.
Obama, wary of overconfidence among his backers, is charting multiple winning paths.
That's where 19 electoral votes out West factor into the equation.
Nevada, with five votes, is posing the toughest challenge for Obama; the race is a tossup. Colorado is competitive, though Obama has a slight edge in polls in the state that offers nine votes. Obama is more deeply favored to win New Mexico's five votes.
President Bush carried all three states in 2004. Obama, the front-runner nationally with 11 days until the election, is focusing his time on plucking away states Bush won four years ago.
Labels: Barack, Colorado, election, electoral votes, McCain, Nevada, New Mexico, obama, polls, Republican
When 4-year-old Andrew Burd arrived at a hospital in critical condition in the fall of 2006, doctors didn't have a clue as to what was wrong with him. Blood tests soon revealed that he had salt poisoning, or hypernatremia. Andrew's levels were off the charts -- almost double the norm and among the highest ever recorded.
Doctors turned to Hannah Overton, a 29-year-old pregnant mother of four who was in the process of adopting Andrew. She told them Andrew had thrown a fit that afternoon after he'd been fed a full lunch. Instead of giving him more food, she said she put a few dashes of creole seasoning in a sippy cup of water.
But that didn't calm him, she said, and a few moments later he fell to the floor, vomited and complained of being cold. Overton said she suspected the flu, but after an hour and a half, Andrew's condition didn't improve. That's when she and her husband, Larry, took Andrew to the hospital.
The Overtons' story aroused the suspicions of doctors and investigators. The next day Andrew died and the devout Christian couple, which had no criminal history, became murder suspects. As the investigation continued, authorities developed a theory that Andrew's death was an intentional poisoning.
"We were just waiting for someone to look at it and say 'This is just an accident,'" Larry Overton told "20/20." "Instead, we were arrested."
To investigators, Andrew's sudden and bizarre death was no accident. Within days, the authorities had begun weaving a sinister tale of murder. They painted Hannah Overton as a pregnant mother of four young children who became overwhelmed with the arrival of a foster child.
The arrest warrants painted the Overton home as a house of horrors, where Andrew was monitored by a camera and was punished with spicy seasoning. Detectives even used the Overtons' children to build a case against them, saying unusual forms of punishment had been previously used.
"This case boils down to a woman who, basically, tortured a child," said prosecutor Sandra Eastwood, "becoming so enraged she forced him to have 23 teaspoons of hot pepper and then watching him die in agony."
A grand jury returned an indictment on capital murder. In the state of Texas, if a child younger than 6 dies at the hands of another person, it's considered a capital case. The charge carries a minimum life sentence.
McCain's campaign said the payment covered a portion of her work in September and a portion of October. An earlier campaign finance report showed Strozzi was paid $13,200 for a portion of September.
In recent days, McCain and his running mate have tried to douse a furor over how their side spent their money. The Republican National Committee came under scrutiny after the party committee reported earlier this week that it had spent about $150,000 in September on wardrobe and cosmetics after Palin joined the GOP ticket.
In an interview with the Chicago Tribune and Fox News on Thursday, Palin said the clothes bought for the Republican National Convention were not worth $150,000 and said most have not left her campaign plane. She also said the family shops frugally.
"Those clothes are not my property. We had three days of using clothes that the RNC purchased," Palin told Fox News in an interview that aired Thursday night.
There was no evidence of additional clothing purchases in the most recent reports.
The Obama campaign has said it paid for hair and makeup costs associated with interviews or events, but neither the campaign nor the Democratic National Committee has paid for clothing.
The reports showed that Barack Obama and McCain enter the final days of the presidential campaign amid dwindling reserves, with Obama hindered by a sudden drop in fundraising and McCain restrained by spending limits.
Obama, the Democratic nominee, spent more than $105 million during the first two weeks of October, according to campaign finance reports. He reported raising only $36 million for his campaign during that period, about half the fundraising pace he enjoyed in September.
Labels: Adviser, candidate, Democratic, election, makeup artist, McCain, obama, Palin, Policy, Sarah Palin, Strozzi, Stylist, You Can Dance
Emory Edwards is doing more volunteer work at his church. Maribel Ruiz is spending more time with her daughter. Win Hornig and his girlfriend have started a blog.
For each, things were different a few months ago, when they all had jobs.
The three are among the growing number of Americans who are stuck trying to make the best out of a bad situation: unemployment. More than 760,000 people have lost their jobs so far this year, and 47 states this week reported that their unemployment rates were higher over last year.
It's only supposed to get worse. Analysts at the financial firm Goldman Sachs predict that the national unemployment rate will rise to 8 percent from 6.1 percent by the end of next year. Goldman Sachs itself is planning to slash more than 3,200 jobs, according to published reports. Meanwhile, the comptroller's office for New York City, the heart of the country's financial sector, has projected that the city will lose 135,000 jobs in the next two years.
Edwards, Ruiz and Hornig all worked in New York City. Like the top executives of some of the country's financial firms, they can trace their misfortune directly to the country's financial meltdown. Unlike top execs, however, they can't rely on multi-million-dollar golden parachutes to carry them through tough times.
ABCNews.com talked to Edwards, Ruiz and Hornig to learn more about how they're coping, their plans for the future and their thoughts about the crisis that cost them their jobs.
Labels: acbnews, Americans, jobs, Maribel Ruiz, New York City, unemployment
Barack Obama is home in Hawaii with his ailing grandmother today rather than on the campaign trail because he fears she won't make it to Election Day.
Obama, who polls show as the front-runner in the election to become the leader of the free world, is likely doing chores right now for the woman he affectionately calls Toot.
"I want to give her a kiss and a hug," the Democratic presidential candidate told Robin Roberts in an exclusive interview for "Good Morning America" before heading for Hawaii to see his 85-year-old grandmother, Madelyn Dunham, the woman who largely raised him.
"And then we're going to find out what chores I can do, because I'm sure there's been some stuff that's been left undone," he said.
The Illinois senator took the unprecedented step of quitting the presidential campaign with less than two weeks to go so he could hurry home to the apartment he grew up in and see Dunhill. He will rejoin the campaign on Saturday.
Toot, which is short for the Hawaiian word tutu, meaning grandparent, has been sick for awhile and recently fell and broke her hip.
"Without going through the details too much, she's gravely ill," Obama told Roberts in an interview that aired today on "GMA."
Besides the hip, Obama said, "She had some other problems that were getting worse. You know, we weren't sure, and I'm still not sure, whether she makes it to Election Day.
"We're all praying and we hope she does," he added.
His grandmother's illness has turned Obama's stretch run for the White House into a bittersweet moment. He is leading John McCain, in most polls, yet also faces the possible loss of the most influential person in his life while he was growing up.
"One of the things I want to make sure of is that I had a chance to sit down with her and talk to her," Obama told Roberts. "She's still alert and she's still got all her faculties. And I want to make sure that I don't miss that opportunity right now."
Obama has also said publicly that he regrets not returning to his mother's bedside before she died of cancer, as he overestimated how much time she had to live, and he doesn't want to make the same mistake twice.
Sen. Barack Obama is now in the enviable position of seeking to become president by looking presidential.
Sen. John McCain, meanwhile, knows that he can only become president by making his rival look un-presidential. (Two Joes -- the Plumber and the Senator -- are being enlisted to help.)
It may be a subtle distinction, but it matters for the home stretch. McCain is throwing it all at him now -- taxes and spending and flip-flops and plumbers and terrorism (and terrorists).
A closing argument (at last) comes together: McCain is portraying Obama as too risky to be president.
"He'll say anything to get elected," McCain said of Obama Wednesday night, per ABC's Bret Hovell.
A line that says just as much about where Obama stands: "I feel like we got a righteous wind at our backs here," Obama said Wednesday in Leesburg, Va., ABC's Jake Tapper and Sunlen Miller report.
Regardless of the source of that breeze, Obama is in a stage of his campaign where he can ease perceptions of risk just by showing up. (Or not showing up: He's set to drop off the electoral map for 48 hours, to visit his grandmother in Hawaii after a Thursday morning campaign event in Indianapolis.)
It's 54-43 in the latest ABC News/Washington Post tracking poll -- and the portrait of a president begins to emerge.
"Barack Obama has shored up his experience rating to the point where it now surpasses George W. Bush's in 2000 and matches Bill Clinton's in 1992, addressing what has been Obama's greatest vulnerability in the presidential election," ABC Polling Director Gary Langer writes. "Fifty-six percent of likely voters now say Obama has the experience it takes to serve effectively as president, up from 48 percent after the Republican convention. That's now better than George W. Bush's rating just in advance of the 2000 election."
"Former secretary of state Colin Powell's endorsement provides a new boost for Obama, who has made significant progress with voters as a leader in international affairs," per The Washington Post's Jon Cohen. "But Obama also continues to be lifted by more fundamental advantages, including a 2 to 1 advantage on 'helping the middle-class.' "
New battleground state numbers, from Quinnipiac:
FLORIDA: Obama 49, McCain 44;
OHIO: Obama 52, McCain 38;
PENNSYLVANIA: Obama 53. McCain 40
From the release: "With 12 days to go, Sen. McCain is narrowing the gap in Florida, but fading in Ohio and barely denting Sen. Obama's double-digit lead in Pennsylvania."
But in a positive sign, regional markets pared losses in afternoon trading as investors bought beaten down shares.
Major European markets opened mixed, then slid downward.
"Sentiment is lousy," said Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. "Earnings are disappointing, and we're still in the process of lowering profits all across the globe."
Japan's Nikkei 225 stock average tumbled 7 percent at the open but recovered some to closed down 2.5 percent at 8,460.98. Traders said the turnaround in Tokyo was partly due a Wall Street Journal report that the Bush administration is considering a $40 billion plan to help limit home foreclosures.
South Korea's market was hit hardest. The benchmark Kospi fell nearly 10 percent at one point and closed down 7.5 percent at 1,049.71. Hong Kong's Hang Seng Index fell 3.6 percent to 13,760.49 after falling more than 6 percent earlier.
Asia's downward lurch followed Wall Street as hundreds of companies reported third-quarter results and issued murky forecasts this week, signs that the economic slowdown was taking a toll on balance sheets despite recent improvements in the world credit markets.
Tokyo investors were cautious ahead of the release of corporate earnings next week, including Canon Inc. on Monday and Honda on Tuesday.
Japanese electronics powerhouse NEC Corp. plunged 8.5 percent after slashing its full-year earnings estimates Wednesday, blaming weaker demand for mobile phones and computer chips.
"The new numbers are below even our forecasts, which were at the bottom end of market estimates," said Takeo Miyamoto, an analyst at Deutsche Securities in Tokyo, in a report Thursday. "We predict strong disappointment in the market."
Australia's key index pulled back more than 4 percent as slumping world commodity prices sent resource companies lower. Rio Tinto fell more than 14 percent while rival BHP Billiton sank more than 9 percent.
Labels: asian, Australia, Bank, Hong Kong', investments, shares, slashing, stocks
Alan Greenspan, the chairman of the Federal Reserve for 18 1/2 years, was to be the star witness Thursday before the House Oversight and Government Reform Committee. He faces questions about actions the government took or didn't take that might have contributed to the boom in subprime mortgages and the subsequent housing market collapse that has led to the loss of billions of dollars in investments.
Meanwhile, Neel Kashkari, the interim head of the government's $700 billion rescue effort, and other government officials were going before the Senate Banking Committee to lay out their plans for implementing the massive program.
Both hearings were expected to be contentious as lawmakers, already upset about having to vote for the biggest bailout in U.S. history, seek answers to what went wrong and try to determine why the government's rescue effort, which just cleared Congress on Oct. 3, already has undergone a radical overhaul.
All the action in Washington was taking place against a backdrop of continued turbulence on financial markets around the world. The Dow Jones industrial average plunged by 514 points Wednesday amid fears that the government intervention will not be enough to prevent a serious global recession.
Asian stocks fell for a second consecutive day Thursday, with South Korea's market sinking 7.5 percent. Japan's Nikkei 225 stock average closed down 2.5 percent, and Hong Kong's Hang Seng Index was down 4.7 percent.
While conducting major hearings so close to an election is unusual, House Oversight Committee Chairman Henry Waxman, D-Calif., said the current crisis was so serious that Congress could not wait until a new administration arrives in January to find out "what went wrong and who should be held accountable."
"You need to be pay back. You will be killed in 10 days," one of the typewritten letters read, federal law enforcement officials told ABC News.
Another letter, addressed to the JP Morgan Chase CEO, Jamie Dimon, in New York, threatened a series of attacks ending in an Oklahoma City-like bombing. The writer accused Dimon of stealing Washington Mutual, which JP Morgan Chase recently took over.
At least 45 letters, all postmarked in Amarillo, Texas on October 17 and 18, were sent to the Chase bank offices, the FDIC office in Dallas, the Office of Thrift Supervision in Dallas, and the Federal Home Loan Bank in Atlanta, federal law enforcement officials said.
The letters contained a powdery substance which tests have shown to be harmless.
Authorities say the letters "articulated threat of bodily harm" and appeared to be connected to lending practices of the bank.
Postal inspectors said the public should "take no action to apprehend this person yourself."
Inspectors said anyone with information should contact authorities at 1-877-876-2455.
In a separate case, the FBI said its field office in San Diego has opened an investigation into a series of letters sent to the Los Angeles Times and the campaign offices of Senator Barack Obama in New York, Philadelphia and Los Angeles.
Those letters also contained substances, including sand and food seasoning. One letter said "the world will end" if Obama was elected, officials said.
During rallies in New Hampshire and Ohio, the Arizona senator said Democrat Barack Obama favors taxes that will hurt the middle class and small businesses — despite Obama pledging to cut them for 95 percent of taxpayers.
"Sarah Palin and I will not raise your taxes, my friends. We want you to get wealthy," McCain told 10,000 people gathered in a football stadium near Akron, Ohio. The scene had a festive air, with those sitting in the grandstands behind the candidate dressed in T-shirts that composed the red, white and blue Ohio state flag.
Palin, holding her first joint event with McCain since Oct. 13, derided Obama as "Barack the Wealth Spreader" and said: "You have to really listen to our opponent's words, because he's hiding his real agenda of redistributing your hard-earned money."
McCain and Palin have accused Obama of fostering socialistic tax policies since Ohio plumber Joe Wurzelbacher questioned the Democrat two weeks ago. Both now routinely invoke "Joe the Plumber" as part of their closing argument.
Palin was exuberant before the crowd, demanding an autograph from warm-up singer Gretchen Wilson, famed for her song, "Redneck Woman."
Palin joked: "Someone called me a `redneck woman' once. You know what I said back? `Thank-you very much.'"
Ohio voted for George W. Bush in 2000 and 2004, but Obama held a narrow lead in recent polls. The state offers 20 electoral votes.
McCain later told an airport rally in Cincinnati: "I know it's been a long, long time since whoever was going to be president didn't win the state of Ohio. I'm not going to break that tradition. We're going to win the state of Ohio."
Earlier in New Hampshire, McCain implored voters "to come out one more time" for him, as the two-time primary winner tried to stave off a general election loss with sharp criticism of Obama's tax and spending plans.