{"id":477,"date":"2008-09-25T13:58:44","date_gmt":"2008-09-25T17:58:44","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=477"},"modified":"2008-09-25T19:04:37","modified_gmt":"2008-09-25T23:04:37","slug":"newsflash-wall-street-journal-reporting-agreement-in-principle-is-reached-on-700-billion-bailout","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/25\/newsflash-wall-street-journal-reporting-agreement-in-principle-is-reached-on-700-billion-bailout\/","title":{"rendered":"Newsflash: Wall Street Journal Reporting Agreement in Principle Is Reached on $700 Billion Bailout"},"content":{"rendered":"

From the Wall Street Journal<\/a>:<\/p>\n

Congress reached an agreement in principle on a $700 billion package to bail out the financial industry, leaders from both parties said Thursday. They plan to present the deal to the White House later Thursday, hoping for a vote within days. Lawmakers said there were few hurdles remaining. “There really isn’t much of a deadlock to break,” said Democratic Rep. Barney Frank, chairman of the House Financial Services Committee. Republican Sen. Bob Bennett said the plan is one that can “pass the House, pass the Senate (and) be signed by the president.”<\/p><\/blockquote>\n

Update:<\/strong> Kevin Smith, a spokesman for House Minority Leader John Boehner, cautions that Republicans in the House haven’t signed on to anything yet<\/a>.<\/p>\n

Update <\/strong>(H\/T: Hot Air<\/a>):<\/strong> All but dead? McCain’s campaign is calling the deal “all but dead<\/a>“. Boehner’s spokesman says the deal is “non-starter<\/a>“. And it looks like Paulson also thinks the deal may collapse<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

From the Wall Street Journal: Congress reached an agreement in principle on a $700 billion package to bail out the financial industry, leaders from both parties said Thursday. They plan to present the deal to the White House later Thursday, hoping for a vote within days. Lawmakers said there were few hurdles remaining. “There really […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[160,129,163,40],"class_list":{"0":"post-477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-congress","9":"tag-credit-crisis","10":"tag-john-boehner","11":"tag-john-mccain","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-7H","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":521,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/28\/bailout-deal-reached\/","url_meta":{"origin":477,"position":0},"title":"Bailout Deal Reached?","author":"Jeff","date":"September 28, 2008","format":false,"excerpt":"The Wall Street Journal is reporting that lawmakers reached a tentative bailout deal overnight: Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":596,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/03\/crap-sandwich-20-passes-the-house-263-171\/","url_meta":{"origin":477,"position":1},"title":"Crap Sandwich 2.0 Passes The House 263-171","author":"Jeff","date":"October 3, 2008","format":false,"excerpt":"The Wall Street Journal has the details: WASHINGTON -- U.S. House of Representatives lawmakers wary of growing signs of the nation's economic distress voted Friday in favor of a $700 billion Wall Street rescue package, sending the biggest government intervention in the financial markets since the Great Depression to President\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1388,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/01\/27\/house-republicans-ready-to-walk-away-from-stimulus-negotiations\/","url_meta":{"origin":477,"position":2},"title":"House Republicans Ready to Walk Away From Stimulus Negotiations?","author":"Jeff","date":"January 27, 2009","format":false,"excerpt":"The Politico is reporting that House Republicans Leader John Boehner and Whip Eric Cantor are urging caucus members to oppose the Democrats pork laden economic stimulus bill when it comes to the floor on Wednesday. President Barack Obama is coming to the Capitol this afternoon to curry favor with congressional\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3052,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/12\/09\/senate-democrats-reach-health-reform-compromise-drop-public-option\/","url_meta":{"origin":477,"position":3},"title":"Senate Democrats Reach Health Reform Compromise; Drop Public Option","author":"Jeff","date":"December 9, 2009","format":false,"excerpt":"From the Wall Street Journal: Senior Senate Democrats reached tentative agreement Tuesday night to abandon the government-run insurance plan in their health-overhaul bill and to expand Medicare coverage to some people ages 55 to 64, clearing the most significant hurdle so far in getting a bill that can pass Congress.\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/www.jasetaro.com\/blog\/category\/health-care\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":532,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/29\/the-good-the-bad-and-the-ugly\/","url_meta":{"origin":477,"position":4},"title":"The Good, The Bad and The Ugly…","author":"Jeff","date":"September 29, 2008","format":false,"excerpt":"The Good (H\/T: MM): Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Study Committee, today issued the following statement on the agreement reached by House and Senate negotiators on the Paulson plan, and his intentions on the final bill: \u201cMy top responsibility as an elected official is to protect\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1049,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/11\/24\/here-we-go-again-feds-agree-to-citibank-bailout\/","url_meta":{"origin":477,"position":5},"title":"Here We Go Again: Feds Agree to Citibank Bailout","author":"Jeff","date":"November 24, 2008","format":false,"excerpt":"From the Wall Street Journal: The federal government agreed Sunday to take unprecedented steps to stabilize Citigroup by moving to guarantee close to $300 billion in troubled assets weighing on the bank's books. Treasury has agreed to inject an additional $20 billion in capital into Citigroup under terms of the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=477"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}