Congressional leaders have announced a tentative bipartisan agreement on a $700 billion package to bail out the U.S. financial markets.
Speaking at a press conference on Capitol Hill, Sen. Christopher Dodd, D-Conn., said that the “fundamentals” of the agreement on a bailout for the financial system are in place, but he declined to discuss the specifics.
The tentative deal was announced before congressional leaders, President Bush and presidential candidates John McCain, R-Ariz., and Barack Obama, D-Ill., are scheduled to meet at 4 p.m. ET. to discuss the package.
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