US Dollar Falls to 26-Year Low vs. British Pound

The dollar fell to a new 26 year low against the British Pound. Amidst the continued selling is speculation that another quarter point Fed rate cut would encourage investors to exchange dollars for pounds to benefit from higher return rates. The Fed decision about rate cuts is expected tomorrow.

Bush Says Congress Is Wasting Time

More bullying today came from an executive branch that has too much power:
WASHINGTON, Oct. 30 — President Bush lashed out at Congress today, the third time he has done so in two weeks, this time saying the House had wasted time on “a constant string of investigations” and the Senate had similarly wasted its efforts [...]