• Bush commits federal resources to Gulf Coast: “The challenges that we face on the ground are unprecedented. But there’s no doubt in my mind we’re going to succeed.” Pollster: “To the degree that he is the consoler and healer of the nation, it helps.” [WP, WP, WSJ, USAT]
• Financial burden of recovery strikes at federal budget deficit; over $20b will be requested. [WSJ, WP, USAT]
• Katrina sends oil prices over $3 a gallon, possibly beyond $4; Europeans may lend their stockpiles. [WSJ, MarketWatch, Bloomberg, NYT]
• Commodity prices jump. Supply-chain expert: “The Mississippi River is the aorta of the American economy, and New Orleans is the access point to it.” [WP]
• In Baghdad, nearly 1,000 Iraqis die in stampede sparked by panic; greatest loss of life since the invasion. [NYT, USAT]
• Bush tested again by circumstances, but will he deliver? Professor: “It is usually the case with large-scale disasters that it centralizes power in the presidency and improves the president’s ratings in public opinion.” [NYT, LAT]
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Tags: budget deficit, congress, Democrats, evan bayh, george w. bush, hurricane katrina, iraq, john bolton, john g. roberts, john warner, oil, plan b, public opinion, republicans, trent lott, united nations
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