Financial Briefs

Breaking financial news from Wall Street to Main Street

Congress, Bush team agree on bailout terms

Posted by financialbriefs on September 22, 2008

A key Democrat negotiating a $700 billion financial bailout says the Bush administration has agreed to include mortgage aid and strong congressional oversight in the plan.

Rep. Barney Frank, the Financial Services Committee chairman, says a great deal of progress has been made in talks between lawmakers and President Bush’s team on the rescue.

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