Congress, Bush team agree on some bailout terms


WASHINGTON (AP) - Scrambling for a swift deal on the US$700 billion bailout for failing financial firms, crucial Democrats and Bush administration officials agreed Monday to include mortgage help for beleaguered homeowners but wrangled over other issues that included unprecedented help for executives who would benefit from the rescue.

Democrats demanded the measure limit pay packages for executives of companies helped by the biggest financial rescue since the Great Depression.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global
Supermax buys remaining 33% stake in SHCI for RM18.96mil
Scientex to deploy large scale solar PV system at its facilities nationwide
Ahmad Maslan: RM180bil allocation available for projects in construction sector this year
MR D.I.Y. plans 180 new stores in 2024, targets 2,000 by 2028
Daniel Wong charged with abetting former MD of Multi-Code for securities fraud
Salcon unit bags RM9.7mil sewerage treatment plant contract
Globetronics expects challenging outlook for semiconductor sector

Others Also Read