Sunday, September 28, 2008

"We've made great progress toward a deal which will work and be effective in the marketplace"


Full text of the bailout bill (subject to revision)

1:27 PM, September 28, 2008

CNN's website has posted a draft of the financial-system bailout bill in its entirety -- all 106 pages.

Go here (it's in PDF format).

Just keep in mind that many of the details of the bill still are under discussion, and may be changed before the final version is sent to the House for a vote (expected on Monday).

You won't find the word "bailout" in the bill's title, of course. The working title is the "Emergency Economic Stabilization Act of 2008."

Posted at 4:20 PM ET, 09/28/2008

Treasury Confirms Paulson Woozy Spell

At the final, critical meeting in negotiations on the $700 billion Wall Street bailout -- the last round of talks began at 10:40 p.m. Saturday and ended around 12:25 a.m. this morning - Treasury Secretary Hank Paulson was so short of breath that lawmakers called the Capitol physician because they were so concerned.

Paulson, 62, a former Dartmouth offensive tackle, told lawmakers he was fine and waved off the doctor, despite working around the clock for several days.

But as Paulson and Sen. Chuck Schumer (D-N.Y.) later walked to the microphones to address the media, they were locked arm in arm. Treasury confirmed moments ago that Schumer was steadying Paulson, helping him walk.

-- Paul Kane

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