Thursday, September 25, 2008

Wall Street rescue accord reached

Wall Street rescue accord reached --

Dodd, Frank: Agreement in principle, expect passage of bill within days

Warned that time was running short to bolster the distressed economy, congressional Republicans and Democrats reported agreement in principle Thursday on a $700 billion bailout of the financial industry, and said they would present it to the Bush administration in hopes of a vote within days. Emerging from a two-hour negotiating session, Sen. Chris Dodd, D-Conn., said, "We are very confident that we can act expeditiously."

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