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PRESS DIGEST - Washington Post - Sept 26

Thu Sep 25, 2008 11:58pm EDT

WASHINGTON, Sept 26 (Reuters) - Washington Post included the following items on its front page on Sept. 26. Reuters has not verified these stories and does not vouch for their accuracy.

Funds News  |  ETFs News

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Talks over a massive bailout for the U.S. financial system stumbled, with some Republicans working to undermine a deal between key congressional leaders and reinvent the plan put forward by the Bush administration one week ago.

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The first debate between John McCain and Barack Obama, scheduled for Friday night, remained in limbo after the presidential candidates left a White House meeting without a deal on a $700 billion economic rescue plan.

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The Bush administration's pitch for a sweeping bailout of the financial system has centered on two simple premises: that the economy could suffer a crippling downturn if action is not taken very quickly and that this action should consist of the government buying troubled mortgage securities from banks and other institutions.

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Ending months of speculation and years of searching, the National Symphony Orchestra has chosen its next music director: the German conductor and pianist Christoph Eschenbach, best known for his recent stint as head of the Philadelphia Orchestra.

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