September 27, 2008

COME SUNDAY, IT'LL BE ALRIGHT:

Bailout progress _ Frank sees accord by Sunday (JULIE HIRSCHFELD DAVIS, 9/27/08, AP)

Lawmakers say they're making progress and hope to reach an agreement over the weekend on a $700 billion government bailout to rescue Wall Street bankers from the bad loans that threaten to derail the economy and send it into a deep and long depression.

In a sign of movement, House Republicans dispatched their second-ranking leader, Rep. Roy Blunt of Missouri, to join the talks after their objections to an emerging compromise had brought negotiations to a standstill.

Negotiators were pushing for a deal before Asian markets open Monday.

Posted by Orrin Judd at September 27, 2008 7:23 AM
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