Archive for the ‘Chris Dodd’ Category
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Lawmakers vow to break bailout deadlock
Rep. Barney Frank, a high-ranking Democrat, said he is convinced that by Sunday, lawmakers will reach a deal on the proposed $700 billion bailout of the nation’s financial system.
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Bailout talks to resume
The congressional negotiations over the proposed $700 billion bailout of the financial system were set to resume on Friday - a day after hours of talks ended in a partisan divide.
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Key lawmakers: We have a plan
A group of key lawmakers reached agreement Thursday on a counterproposal to the Bush administration’s $700 billion financial bailout plan, but a final deal has not been set.
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Lawmakers: Financial Bailout Agreement Reached
Warned that time was running short to bolster the distressed
economy, congressional Republicans and Democrats reported agreement in
principle Thursday on a $700 billion bailout of the financial industry -
Bailout plan under fire
The debate over whether Washington should enact an extraordinary bailout of the nation’s financial system reached a fever pitch at a Senate hearing on Tuesday.
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Finance stocks mostly down
Stocks for banks and finance firms slumped Tuesday, as the Senate Banking Committee began its hearing on the $700 billion Wall Street bailout.
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Dodd: ‘I have a lot of reservations’ about bailout plan
At a hearing Tuesday before the Senate Banking Committee, federal officials said a bailout is needed immediately for the health of the U.S. economy.
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Gov’t Bailout Keeps Markets on Edge
Volatility again swept the financial markets Monday as investors grew nervous about an amorphous government plan to buy $700 billion in banks’ mortgage debt
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Democrats push back
Democratic leaders on Capitol Hill said on Sunday that the Bush administration’s $700 billion proposal to bail out the financial system lacked necessary safeguards for taxpayers and homeowners.
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‘Sobering moment’ forged bipartisan support for bailout plan
Congressional leaders said Friday that they were determined to quickly pass a massive plan to stabilize the financial market after they heard a “sobering” assessment from the administration’s economic team.