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Lawmakers: We Have a Deal

Posted Sep 25, 08 12:57 PM CDT in Business 

(Newser) – The bipartisan group of legislators working on either a Wall Street bailout or a rescue package has reached "a fundamental agreement on a set of principles," Senate Banking Committee Chris Dodd said today. Racing to make a deal before a scheduled 4pm meeting at the White House, the lawmakers were optimistic the measure had enough support to satisfy both houses of Congress and President Bush, CQ Politics reports.

"There really isn't much of a deadlock to break," House financial services chairman Barney Frank told the AP. "But I'm always glad to go to the White House."
Sources: CQPolitics, Associated Press

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Senate Majority Leader, Sen. Harry Reid, D-Nev., left, and Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, talk to reporters yesterday.   (AP Photo)
Senate Banking Committee Chairman Chris Dodd., center, speaks during a news conference today with Sen. Bob Corker, Sen. Charles Schumer, Sen. Robert Bennett, Sen. Judd Gregg, and Sen. Jack Reed.   (AP Photo/Susan Walsh)
Senate Majority Leader Sen. Harry Reid, D-Nev., left, and Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, talk to reporters yesterday.   (AP Photo)
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Financial Crisis • George W. Bush • Congress • bailout • credit crisis • Wall Street • Chris Dodd • Senate Banking Committee


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