Capitol Hill Talks Continue
Negotiations on Capitol Hill continued today on the Bush administration's plan to stabiliize the U.S. financial system. Democratic leaders said that staff aides are working through some of the issues early in the day and the high-level negotiations involving members of Congress will come later. One member of the Democratic leadership said they hope to finalize a deal within 24 hours and vote Sunday or Monday. Some elements of the plan being advanced by House Republicans will be added to the compromise package but much of the work is still on the proposal made by Treasury Secretary Henry M. Paulson Jr., with provisions added by Congress Thursday for protecting taxpayers equity, limiting executive pay and requiring oversight. House Democrats are expected to meet at some point later today to discuss the progress of the negotiations.
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Posted by: Pilgrim | September 27, 2008 2:06 PM
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