Thursday, September 25, 2008

"Bailout Bill" Hits a Snag

Democrats Say Rescue Plan Talks Snagged After Meeting (Update3)
By Ed Chen and Julianna Goldman

Sept. 25 (Bloomberg) -- Negotiations on a $700 billion financial-rescue plan hit a snag after a White House meeting that included presidential candidates
John McCain and Barack Obama.

Senate Banking Committee Chairma
n Christopher Dodd said the agreement in principle he had reached earlier in the day with some Republicans was later undermined by a proposal offered by House Republicans led by Representative Eric Cantor.

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