(CNN) – The troubled economy is front and central this election year. President Bush and Congress are facing mounting political pressure on the issue, as the Federal Reserve unexpectedly cut interest rates Tuesday.
In the latest episode of CNN=Politics Daily White House Correspondent Ed Henry highlights a possible emergency recession plan from President Bush and Congress.
On the campaign trail, the battle between Sens. Clinton and Obama continues after Monday’s spirited CNN debate in South Carolina. Jessica Yellin reports from that state on the latest campaign dustup.
And while the Democrats battle each other, they are starting to focus on a new target across party lines. Senior Political Analyst Bill Schneider highlights the new cross-party fire directed at Republican presidential candidate John McCain.
Finally, just days after a placing third in South Carolina’s Republican primary, former Sen. Fred Thompson has dropped out of the presidential race. Chief National Correspondent John King reports from Florida.
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–CNN's Emily Sherman
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