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Friday, September 26, 2008

US 'agrees Wall Street bail-out'

A leading US senator says both parties in Congress are in agreement on the outline of a $700bn (£380bn) bail-out plan to revive the finance sector.
Christopher Dodd, chairman of the Senate Banking Committee said they had reached "fundamental agreement" on the principles of a deal.
But he later added that it could take beyond Friday's target to finish work.
US President George W Bush is meeting presidential candidates John McCain and Barack Obama to discuss the bail-out.
Republicans and Democrats have been worried about who will fund the plan.
Mr Bush has said he hoped there would be agreement on a rescue deal "very shortly".

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