Funds News

US Rep. Boehner says no deal yet on Wall St. aid

WASHINGTON, Sept 25 (Reuters) - The U.S. House of Representatives’ Republican leader on Thursday said there is not yet a deal his party has agreed to for legislation to bail out Wall Street, but he said he was encouraged by progress.

Rep. John Boehner of Ohio, said in a statement: “I am encouraged by the bipartisan progress,” but “House Republicans have not agreed to any plan at this point.”

Earlier on Thursday, Republican Sen. Robert Bennett of Utah, emerged from a House-Senate negotiating session saying, “We now expect that we will have a plan that can pass the House, pass the Senate and be signed by the president.”

Key members of Congress are scheduled to discuss the legislation later on Thursday with President George W. Bush and presidential candidates Barack Obama and John McCain.

Reporting by Thomas Ferraro, Editing by Sandra Maler