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Thursday, September 25, 2008

Deal or no Deal: The Situation remains Fluid

by Calculated Risk on 9/25/2008 06:04:00 PM

From MarketWatch: No deal reached at White House, officials say

President Bush was unable to seal a deal between Republicans and Democrats on his $700 billion mortgage rescue plan, officials said.
From the WSJ: White House Meeting Ends With Bailout Still in Flux
[O]ne opponent of the tentative agreement, Sen. Richard Shelby (R., Ala.) told reporters after the meeting with President Bush that lawmakers still haven't reached an agreement on financial bailout legislation. "I don't believe we have an agreement," said Sen. Shelby, the ranking Republican on the Senate Banking Committee. "There are still a lot of different opinions."
...
Sen. Bob Corker (R., Tenn.) said: "I believe that we will pass this legislation before the markets open on Monday."
Who knows. I think there will be some sort of deal this weekend before Congress goes into recess (September 26 is the Target for Adjournment).