Monday 29 September 2008

Bailout plan agreed upon BUT...

Defeated in the House, 228-205. 2:19 pm Monday.
The Wall Street Journal reports that Congressional leaders and the White House have agreed on a bailout bill after negotiating all weekend over the measure. The "Emergency Economic Stabilization Act of 2008" is available in draft form from the Wall Street Journal ; the Chicago Sun-Times has a good summary of the draft bill (from last night). But...see above.

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