itshappening
09-25-2008, 05:53 PM
Bailout deal breaks down; Bernanke back to Capitol
Sep 25 07:49 PM US/Eastern
By JENNIFER LOVEN and JULIE HIRSCHFELD DAVIS
Associated Press Writers
WASHINGTON (AP) - Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke sped to Capitol Hill to try to revive or rework the proposal that the administration says must be quickly approved by Congress to stave off economic disaster.
Congressional leaders were to meet with the economic chiefs into the night.
Sep 25 07:49 PM US/Eastern
By JENNIFER LOVEN and JULIE HIRSCHFELD DAVIS
Associated Press Writers
WASHINGTON (AP) - Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a deal.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke sped to Capitol Hill to try to revive or rework the proposal that the administration says must be quickly approved by Congress to stave off economic disaster.
Congressional leaders were to meet with the economic chiefs into the night.