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Congressional Leaders Announce Breakthrough in Bailout

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At www.washingtonpost.com

Congressional leaders and the Bush administration last night struck a historic accord to insert the government deeply into the nation's financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets backed by faltering home mortgages. Negotiators emerged from a marathon session in the Capitol about 12:30 a.m --700 billion to soothe nervous markets, about $650 billion for Iraq War

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At www.washingtonpost.com


 

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