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1. It looks like there is an agreement in principle among lawmakers on a 700-billion-dollar bailout of the financial industry. The plan would have to pass both houses of Congress, then be signed by the president.

2. The first presidential debate planned for Friday in Mississippi is expected to go on even though Republican John McCain wants it postponed¹ to focus on crafting a bailout package in Congress. Debate organizers are hopeful McCain will make it, facing off against Democrat² Barack Obama.

3. There is panic in Finland among students after a 22-year-old gunman killed eleven people including himself. Some students have gotten threatening text messages. Officials now fear copycat attacks.

4. Blast-off in China. This rocket carrying three men into space with one slated³ to make the country's first spacewalk. The mission will last three to four days. The government calling it a big step in the nation's development.

WORDS IN THE NEWS

1. in principle: [PHRASE: usu PHR after v]

if you agree to something in principle, you agree about a general plan or idea but have not yet considered the details.

2. craft: v.

If something is crafted, it is made skilfully⁴.

3. face off: phr v.

to fight, argue, or compete with someone, or to get into a position in which you are ready to do this.

4. copycat: adj.

A copycat crime is committed by someone who is copying someone else.