Bailout Advances, Support Not Guaranteed Bailout Advances But Support Not Guaranteed.(Washington)

Publication: The Bond Buyer

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2008 SourceMedia, Inc.

Byline: Andrew Ackerman

WASHINGTON - Congressional leaders and Bush administration officials appeared to move closer to a tentative agreement on the Treasury Department's proposed $700 billion bailout late yesterday. However, some Republicans made it clear they remained opposed to it and it was unclear if supporters would be able to get enough GOP support for the pact to push it through Congress.

Senate Banking chairman Christopher Dodd, D-Conn., and House Financial Services chairman Barney Frank, D-Mass., told reporters in the afternoon that they had hammered out a tentative bipartisan compromise after a three-hour meeting with top Democrats and Republicans...

Read the full article for free courtesy of your local library.