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Bailout Would Come In Stages That Congress Could Halt
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Bailout Would Come In Stages That Congress Could Halt

Demonstrators protest the U.S. Congress' proposed $700 billion bailout of the financial industry in New York's Times Square September 27, 2008. The U.S. Congress embarked on a weekend mission to strike a deal on a proposed $700 billion bailout of the financial industry before stock markets open on Monday in an attempt to end the greatest financial crisis since the Great Depression. (Keith Bedford/Reuters)

WASHINGTON - Congress and the Bush administration reached tentative agreement early Sunday on a sweeping $700 billion rescue plan to take bad assets off the books of banks and other financial firms. The deal is expected to be put on paper in the course of the day and sent to legislators for debate and a vote later in the week.

Posted in Bailout