cnbc
Lawkmakers Reach Breakthrough on Bailout
U.S. congressional leaders Sunday said they had reached the broad outline of a deal to put in place a $700 billion financial system bailout but were awaiting details on paper before declaring it final.
U.S. congressional leaders locked themselves behind closed doors Saturday to try to hash out a deal. A bi-partisan meeting started at 3 p.m. ET. The meeting included top negotiators from the Senate and the House of Representatives as well as a number of committee chairmen.
Senate Majority Leader Harry Reid said a breakthrough came around midnight Saturday night/Sunday morning and that an announcement on a bailout bill deal will likely follow on Sunday.....
http://www.cnbc.com/id/26913930
