Industry NewsMarkets & Economy

Bailout talks could drag into weekend

Emergency rate cut on the line?
Published on Sep 26, 2008

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by CareyBot

Congressional leaders emerged from a meeting with President Bush Thursday with no agreement on implementing a plan to buy billions in troubled assets from banks and financial institutions.

Although Democrats emerged from a long negotiating session earlier in the day with Republican lawmakers claiming to be near a consensus on legislation authorizing the plan, GOP leaders leaving the White House meeting said no agreement had been reached.

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