President Bush is bringing presidential candidates Barack Obama and John McCain into negotiations on a $700 billion rescue of Wall Street as Democrats and Republicans near agreement on a bailout plan with more protections for taxpayers and new help for distressed homeowners. Senior lawmakers and Bush administration officials have cleared away key obstacles to a deal on the unprecedented rescue, agreeing to include widely supported limits on pay packages for executives whose companies benefit. They're still wrangling over major elements, including how to phase in the eye-popping cost -- a measure demanded by Democrats and some Republicans who want stronger...
Read More...
[Source: Latest Articles - Posted by FreeAutoBlogger]
US Bailout Deal Is Near as Bush to Meet Lawmakers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment