US Congress set to pass bailout package
Key lawmakers who struck a post-midnight deal on a US$700bn (€479bn) for the financial industry tonight predicted it would pass Congress, putting in place the largest US government intervention in markets since the Great Depression of the 1930s.
Negotiators sought to iron out the final shape of the legislation, which House Republicans still had to review. It was their fierce opposition to a federal rescue that nearly torpedoed an emerging bipartisan pact late in the week.
