Bailout Compromise Gets New Life (Lesson to be learned; read the fine print first)

WASHINGTON -- The Bush administration and Congress closed in on a new compromise aimed at stabilizing U.S. financial markets, a move designed to assuage conservatives who one day earlier had staged a revolt against the controversial $700 billion project. The potential compromise isn't yet final, and details could change. But as of Friday night it appears that the plan's central elements, as originally envisioned by the Treasury Department, remain intact. Congressional leaders were planning for possible votes Sunday. The renewed effort represents a remarkable turnaround from the fracas that engulfed Washington Thursday night. In a sign of the political tensions...

Read More...

[Source: Latest Articles - Posted by FreeAutoBlogger]