AP - Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration. The biggest U.S. bailout in history won the tentative support of both presidential candidates and goes to the House for a vote Monday.
AP - Democrat Barack Obama and Republican John McCain on Sunday gingerly embraced a newly negotiated congressional deal for a $700 billion bailout of the hobbled financial industry.
The federal government would provide up to $700 billion to rescue the nation's troubled financial system, according to a bill unveiled Sunday. "We sent a message to Wall Street - the party is over," said House Speaker Nancy Pelosi, D-California. Sen. Majority Leader Harry Reid, D-Nevada, said he believes the Senate can move on the legislation by Wednesday, CNNMoney.com reports.
Several bombings across Baghdad killed 29 people Sunday -- the bloodiest day in the capital during this holy month of Ramadan, an Interior Ministry official said.