NH-U.S. Sen

U.S. Sen. John Sununu: Senator's Office PhotoU.S. Sen. John Sununu (R-Waterville Valley) disagrees with his close friend, U.S. Sen. John McCain (R-Ariz.), who has been arguing that the foundation of the U.S. economy is sound.

"I think it's very difficult to make a statement about the fundamentals given the significant changes we've seen in the last couple of days," Sununu said on a conference call with reporters, but he added that steps are being taken to strengthen the financial market.

"The Federal Reserve and other central banks have taken the appropriate steps on liquidity," he said. "I think we have an interest rate environment that's going to be important and helpful in the recovery of the real estate market and I do think if we don't allow the tax rates to go back up we have tax rates in place that will, over time, encourage investment activity and longer-term economic growth."

A prominent national labor union is sponsoring a 30-second ad against U.S. Sen. John Sununu (R-Waterville Valley).

The ad, titled "Higher Cost," is being paid by the Service Employees International Union and argues that Sununu voted against lower drug prices after he accepted money from drug companies.