Thursday, September 25, 2008

Economic Rescue Effort Falling Apart

Bailout Plan Stalls After Day of Talks
Doug Mills/The New York Times

Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, spoke to the press after attending a meeting with President Bush.

Revolt Grows Among House Republicans

Congressional leaders had claimed to have reached an agreement in principle on the financial rescue effort, but in the evening, it appeared to fall apart.

Regulators to Broker Deal on Washington Mutual

The nation’s largest savings and loan agreed to sell assets to J.P. Morgan Chase in a government-brokered deal to rescue the troubled bank, according to people briefed on the deal.

With Debate Uncertain, Candidates Meet Bush

Obama and McCain interrupted their campaigns to go to the capital and discuss the financial crisis.

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