Friday, September 26, 2008
Bail Out Deal? Not So Fast
Democrats say they reached bipartisan agreement on set of principles, but Republican balk. White House meeting contentious.
Chaos erupted on Thursday in the negotiations over the proposed financial bailout as lawmakers bickered over competing counterproposals to the Bush administration's $700 billion rescue plan. A meeting at the White House between President Bush, congressional leaders and the presidential candidates was meant to speed approval of an agreement, but instead revealed deep divisions between Democrats and Republicans.