• Most Popular
  • Most Shared

Dodd says fundamental agreement on bailout bill

WASHINGTON
Thu Sep 25, 2008 1:55pm EDT

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)



More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

 A broker waits for a phone call as he trades on the dealing floor at ICAP in Jersey City, New Jersey December 9, 2009. REUTERS/Lucas Jackson

Easy come, easy go

After a run of easy money this year, fund managers cast a wary eye on investment prospects in 2010.  Full Article 

An employee counts U.S. bank notes at the Korea Exchange Bank in Seoul. REUTERS/Jo Yong-Hak

Is greed on the way out?

A generation of perverted rewards and divisive leadership is finally coming to an end, says GE chief Jeff Immelt.   Full Article