Quote:
| Originally Posted by versa 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 |
this is very good news. I think it will definitely cause inflation in America, but it's better than having bi chunks of the population on the streets because of homelessness. Think without the bailout there will be upheaval in this country and maybe even riots and looting. Probably there will be even with the bailout.
