23 September 2008

Democrats battling to add restrictions to $700 billion bailout

WASHINGTON — Congressional Democrats inched close to agreement Monday on the terms of a $700 billion rescue package to stabilize shaky financial markets, but continued to encounter White House resistance to key points.

"The Bush administration has called on Congress to rubber-stamp its bailout legislation without serious debate or efforts to improve it. That will not happen," said Senate Majority Leader Harry Reid, D-Nev.

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