Lawmakers say financial bailout agreement reached
(AP) - Republican and Democratic negotiators arereporting they've agreed on the outline of a massive financialbailout, but some Republicans say the deal is far from done.
Senator Bob Bennett was among those expressing optimism.Emerging from a two-hour negotiating session, the Utah Republicansaid he expected negotiators would have a plan that could pass bothhouses of Congress, be signed by President Bush and "bring a senseof certainty" to the crisis.
Banking Committee chairman Chris Dodd echoed the optimism, butat least one other participant in the closed-door talks expressedmore caution. Alabama Congressman Spencer Bachus -- the lone HouseRepublican -- would only say there had been progress. He laterissued a statement saying there is "no agreement other than tocontinue discussions."
Negotiators plan to present the outline to President Bush andpresidential candidates Barack Obama and John McCain at a WhiteHouse meeting later this afternoon. The Treasury Department saysit's reviewing the congressional plan.