(CNN) - Barack Obama is delivering a speech on the economy in Golden, Colorado.
He's expected to heavily criticize John McCain for calling the economy fundamentally strong Monday.
Watch the event on CNN.com/live
There is no narrator in the 30 second spot, called “Fundamentals.” Urgent music plays as Monday’s headlines flash on the screen: the collapse of Lehman brothers, the turmoil of the markets, massive job losses and thousands of daily foreclosures.
“And John McCain says?” flashes on a black screen, followed by a clip of McCain’s Monday morning comment, played twice: “I think our economy, still, the fundamentals of our economy are strong.
“How can John McCain fix our economy if he doesn’t understand it’s broken?” reads the screen, as an image of McCain and Bush together appears.
Related: McCain clarifies economy comment
Monday morning, shortly before he made the comment used in the Obama spot, McCain’s campaign released its own ad on the weekend developments in the banking industry, called “Crisis,” that made a dire assessment of the current state of the nation’s economy.
After the Obama camp seized on McCain's Monday remark, the Arizona senator's campaign argued he had been referring to the productivity and innovation of the American worker. McCain repeated that explanation on CNN's American Morning Tuesday, calling U.S. workers "the fundamental strength and future of America."
The Obama campaign said “Fundamentals” would run in “key states” starting Tuesday.
ANCHORAGE, Alaska (CNN) - Alaska Gov. Sarah Palin will not cooperate with a "tainted" legislative investigation into the firing of her public safety commissioner, the McCain-Palin campaign announced Monday, accusing supporters of Democratic rival Barack Obama of manipulating the probe for political motivations.
Former Palin Press Secretary Meg Stapleton told reporters in Anchorage that the power probe has been "hijacked" by "Obama operatives" for the Democratic presidential nominee - namely, Alaska state Sen. Hollis French, the Democratic lawmaker managing the investigation and an Obama supporter. French has denied working on behalf of the Obama campaign.
Related: Palin's husband faces subpoena
The Obama campaign described Stapleton's charge as "complete paranoia." It has denied sending campaign staff to Alaska to work with the legislative committee's investigation.
McCain campaign spokesman Ed O'Callaghan said, "I think it's fair to say that the governor is not going to cooperate with that investigation so long as it remained tainted and run by partisan individuals who have a predetermined conclusion," referring to a comment by French this month that the case could produce criminal charges or an "October Surprise" for the GOP ticket.
WASHINGTON (CNN) - Ever since Sen. John McCain picked Alaska Gov. Sarah Palin for his running mate more than two weeks ago, the Republicans have dominated the headlines.
But as the recent failures of major investment banks on Wall Street remind voters of troubles facing the economy, the Democratic ticket of Sens. Barack Obama and Joe Biden has been able to get back on offense.
"We have reached another major turning point in the campaign. John McCain had all the momentum coming out of his convention with Sarah Palin and dominated the news, [and] was on offense right to the end of this last week," said David Gergen, a CNN senior political analyst. "And there is the opportunity for Obama to seize the momentum back on his side. I don't know if he's going to do it or not. He is trying."
The McCain campaign is not ceding the mantle of change to Democrats, however. It is portraying the Arizona Republican as the best candidate to shake up the Washington bureaucracy that allowed the financial crisis to occur.
(CNN) - A new CNN poll of polls suggests that Barack Obama has a 7 point lead over John McCain in battle for New Jersey and its 15 electoral votes.
The CNN poll of polls is an average of the latest public opinion surveys. The latest New Jersey edition consists of a Quinnipiac University poll conducted September 10-14, a Monmouth University/Gannett survey taken September 11-14, and a Research 2000 poll conducted September 9-11.
Earlier: Obama, McCain tied nationally
When averaged together, 49 percent of likely New Jersey voters say Obama is their choice for president, with 42 percent backing McCain. Nine percent are undecided.
Related: Check out CNN's Electoral Map
Vice President Al Gore won New Jersey by 16 points over then-Texas Governor George W. Bush in the 2000 election. Senator John Kerry defeated President George W. Bush in the Garden State by 7 points four years ago.
This time around, CNN currently considers New Jersey a state that leans towards Senator Obama. Neither campaign has spent a lot of time or money in New Jersey the past few months. Obama attended a few fundraisers in the state a few weeks ago, but hasn't actively campaigned there in months. John McCain hasn't attended an event in New Jersey since May.
(CNN) - Republican presidential candidate Sen. John McCain continued to back away from his assertion that the "the fundamentals of our economy are strong" during a CNN interview Tuesday.
On Monday, after taking heat from Sen. Barack Obama's campaign for his earlier statement, McCain adjusted his language to say the American worker was the strength of the economy.
On Tuesday, McCain said the U.S. economy will rebound with the help of the American worker, which he called "the fundamental strength" of the U.S. economy.
The problems with the American economy are the result of rampant government spending and poor government checks on corporations, McCain said.
"I'll restrain spending. That's the reason our economy is in trouble today," McCain said.
(CNN) - Sen. Joe Biden, the Democratic vice presidential candidate, said Tuesday that "the middle class is dying" and Sen. Barack Obama's economic plan will reverse that trend by lowering their taxes and raising those of people making $250,000 or more.
"Create jobs, keep people in their homes and increase regulatory oversight of the very people John (McCain) has refused to regulate," Biden said, summing up Obama's plan for repairing the ailing economy.
Earlier: Biden hammers McCain over economy
"We're letting taxes expire for the very wealthy and giving the middle class a fighting chance," he said.
Asked if that amounted to income redistribution, Biden replied, "I don't care what you call it. The middle class is dying."
"The American worker's been left out in the cold," he said.
(CNN) - Former Bush Secretary of State Colin Powell said Monday that he has not yet decided which candidate to back in this year’s presidential race.
The election of an African-American president “would be electrifying,” Powell told a George Washington University audience, “but at the same time [I have to] make a judgment here on which would be best for America.
“I have been watching both individuals, I know them both extremely well, and I have not decided who I am going to vote for. And I'm interested to see what the debates are going to be like because we have to get off of this ‘lipstick on a pig’ stuff and get into issues,” he said.
Powell's full comments will air on “The Next President: A World of Challenges” this Saturday night at 9pm ET and again Sunday at 2pm ET.
Last month, as the retired general’s office denied a report that he had decided to publicly back Barack Obama at the Democratic National Convention, several sources told CNN’s John King that Powell was still undecided. “As always, he is holding his cards close and waiting for more information," one adviser close to Powell told CNN’s John King.
Earlier this year, Powell told CNN’s Wolf Blitzer that he was weighing an endorsement of a Democrat or independent candidate. “I am keeping my options open at the moment,” said Powell.
AP: Economists take critical view of health plans
John McCain's health plan won't lower the ranks of the uninsured. Barack Obama's fails to curb the soaring cost of health care, meaning initial gains in helping more people buy health insurance would eventually be undermined.
International Herald Tribune: Obama and McCain strive to break through media fog
Senator Barack Obama had come to Granby High School in Norfolk, Virginia, last week to talk about education. But first, he said, "I've got to spend just a brief moment talking about politics."
Financial Times: World opinion counts too in America’s poll
One of the more comic episodes during the last US presidential election was the effort by Britain’s Guardian newspaper to influence the vote.
WSJ: Creamery Case Has Palin Critics Taking Aim at Fiscal-Conservative Claim
Republican vice-presidential nominee Sarah Palin promotes herself as a small-government conservative. But when Alaska government officials wanted to shut down a money-losing creamery, the governor overturned the decision after dairy farmers near her hometown complained the loss of subsidies would cripple them.
CNN Radio: Candidates agree “it’s the economy” but disagree on “fundamentals”
The Wall Street slide is tumbling fast onto the presidential campaign. A big question: what exactly are "fundamentals" of the economy anyway? Lisa Desjardins has today's CNN Radio Political Ticker.
AP: Some firms get bailouts, some don't. Unfair?
Bear Stearns got one. Lehman Brothers didn't. Life can seem unfair in the world of government bailouts. But decisions about who gets help from the government are based on circumstances and pressure generated by the political or financial crisis of the moment.