Lawmakers: We Have a Deal

Dodd touts 'fundamental agreement' ahead of meeting with Bush
By Nick McMaster,  Newser Staff
Posted Sep 25, 2008 12:57 PM CDT
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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(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."