Breakthrough Reached in Negotiations on Bailout

News Type: Event — Seeded on Sun Sep 28, 2008 4:46 PM EDT

Article Source: The New York Times

WASHINGTON — Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion in troubled debt from ailing firms in an extraordinary intervention to prevent widespread economic collapse.

Officials said that Congressional staff members would work through the night to finalize the language of the agreement and draft a bill, and that the bill would be brought to the House floor for a vote on Monday

Published to:

SuperSaiyan's Column, All of Newsvine
Groups: none
Regions: New York

Public Discussion (0)

{"canLink":false,"threadId":0,"isPrivate":false}

Leave a Comment:

You're in Easy Mode. If you prefer, you can use XHTML Mode instead.

Newsvine Privacy Statement

As a new user, you may notice a few temporary content restrictions. Click here for more info.

{"threadId":0,"contentId":"1926209"}

Start Tracking

Stop Tracking

SUPERSAIYAN

Backyard

Breakthrough Reached in Negotiations on Bailout

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF:

	We gonna need a bigger bucket: Deal Reached in Negotiations on FatCat Bailout	The New York Times	Sun Sep 28	3
	Breakthrough Reached in Negotiations on Bailout - NYTimes.com	The New York Times	Sun Sep 28	46