Dodd says fundamental agreement on bailout bill

WASHINGTON Thu Sep 25, 2008 1:55pm EDT

1 of 6. House Financial Services Committee Chairman Barney Frank (L) and Senate Banking Committee Chairman Chris Dodd talk to reporters after their meeting to discuss the economic bailout plan in the Capitol in Washington September 25, 2008.

Credit: Reuters/Kevin Lamarque

WASHINGTON (Reuters) - The chairman of the Senate Banking Committee said House of Representatives and Senate negotiators have reached "fundamental agreement" on a set of principles guiding a Wall Street bailout bill.

Sen. Christopher Dodd, a Connecticut Democrat, emerged from a morning-long meeting on Thursday with top House and Senate lawmakers to tell reporters that he thought Congress could act within the "next few days" to pass a bill.

Dodd did not provide details on the major areas of contention that have been under negotiation.

(Reporting by Richard Cowan; Writing by Lisa Richwine; Editing by James Dalgleish)

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