Tentative bailout deal reaches Congress amid markets crisis
Congressional leaders and the Bush administration announce a tentative bailout up to 700 billion dollars to buy distressed mortgages and bad loans. House vote possible today with Senate action Monday as lawmakers seek a final plan to prevent a credit freeze and economic meltdown.
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Bailout metaphor frames crash as stalled economy
U S lawmakers compare the $700 billion rescue plan to removing a massive car wreck on a highway transport network. Sen Judd Gregg cites Sen Pete Domenici describing loans for students payrolls housing and credit access as parts of the stalled traffic. The plan would buy the crash move it aside and resell assets to restart commerce.
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