Financial Briefs

Breaking financial news from Wall Street to Main Street

Final deal may emerge Thursday afternoon

Posted by financialbriefs on September 25, 2008

Here’s how things will go down tomorrow, which is shaping up to be a historic day in Washington.

First, House committee negotiators will meet at 10 a.m. Thursday morning to hammer out what may be the final deal on the bailout legislation. Then they’ll take the bill to Senate Banking Committee members to try to get them to sign off. Then congressional leaders from both parties will take a look at the proposal.

The final step is for congressional leaders to take the deal to the White House for an extraordinary meeting involving President Bush, Barack Obama, John McCain and the key congressional negotiators. The White House meeting is scheduled for 4 p.m.

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