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News Source: The Guardian
| about 1 year ago
The deal would see the government buy up bad mortgage-related debts, currently threatening the country's financial markets. Emerging from overnight talks, the treasury secretary, Henry Paulson said: "We have been working very hard on this...The house...
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News Source: Asian Wall Street Journal
| about 1 year ago
Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the legislation to paper.
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News Source: Fox News
| about 1 year ago
At the insistence of House Republicans, some money would be devoted to a program that would encourage holders of distressed mortgage-backed securities to keep them and buy government insurance to cover defaults. The legislation would place limits on...
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News Source: Star Tribune
| about 1 year ago
Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of billions of dollars. The bill, perhaps to be voted on by the House as soon as today,...
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News Source: Australian Broadcasting Corporation
| about 1 year ago
Leading lawmakers had huddled with US Treasury Secretary Henry Paulson through the night on Saturday (local time) to nail down an agreement to create a massive government fund to buy up distressed debt from financial institutions staggered by failed...
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News Source: The Examiner
| about 1 year ago
Congressional leaders and the Bush administration reached a tentative deal early Sunday on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession. House Speaker Nancy Pelosi announced the $700...
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News Source: The Examiner
| about 1 year ago
Nervously eyeing the markets' next trading session, key lawmakers in both parties and Treasury Secretary Henry Paulson worked late into the night Saturday trying to close an agreement on a multibillion-dollar government bailout of distressed...
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News Source: Uinta County News
| about 1 year ago
US legislators worked behind closed doors through Saturday seeking agreement on a US finance rescue plan as a weakened US President George W Bush wrestled with a revolt from within his own Republican ranks on a tense Capitol Hill. House of...
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News Source: The Washington Times
| about 1 year ago
Both ends of Pennsylvania Avenue sounded a note of rising optimism Saturday as President Bush and leading congressional negotiators said talks for the $700 billion Wall Street rescue plan were back on track and a deal could be cut before the...
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News Source: The Jakarta Post
| about 1 year ago
House Republicans, however, said they would not be stampeded into accepting an unwise rescue...Bush, seeking swift action, sent Treasury Secretary Henry Paulson back to the Capitol, where lawmakers were working through the weekend...Republican John...