something

是大lag了
7000億 以228票：205票掛掉了
好日子也一去不復返

WASHINGTON (CNN) -- Congressional negotiators "made great progress" toward reaching a deal on the White House's proposed $700 billion bailout of the financial system, House Speaker Nancy Pelosi said. 

A new idea proposed by House Speaker Nancy Pelosi led to a "breakthrough"in talks on the economic bailout deal

Pelosi, flanked by Senate Majority Leader Harry Reid and other congressional leaders, made the announcement around 12:30 a.m. Sunday after a long evening of talks on Capitol Hill.

Their goal has been to craft and announce a final deal on legislation by Sunday, in time for the start of financial markets around the world."We have to get it committed to paper so we can formally agree," Pelosi said.Reid said congressional staffers would be up all night putting the details so a deal could be announced sometime Sunday.

Under the tentative deal being finalized, the rescue program would be overseen by a board including the treasury secretary, secretary of commerce, head of the Securities and Exchange Commission and chairman of the Federal Reserve, said Sen. Kent Conrad, R-North Dakota, who heads the Senate Budget Committee. 

According to Conrad, $700 billion would be disbursed in stages, with $250 billion made available immediately. In addition, the Treasury would establish an insurance program -- with premiums paid by the industry -- to mitigate taxpayer losses. 
The bill would also probably include some curbs on the compensation of executives at companies that participate. 

Finally, the government would get the right to receive equity stakes in the companies that sell it assets. The measure is an attempt to reduce fiscal risk to taxpayers.A senior House Democratic aide called it a "framework) of an agreement, and you still have to put everything on paper." The aide added that all sides would have to "review it carefully" Sunday. 

House Republicans have not yet signed off on the newest plan, but their negotiator, Rep. Roy Blunt, R-Missouri, said he would present it to the GOP caucus Sunday morning after it is written on paper. 
"I think we're going to be able to have an announcement tomorrow, but these are difficult issues," Blunt said. 

Reid said there was "a breakthrough" just before midnight Saturday that was made possible by a new idea proposed by Pelosi.
A senior House Democratic aide said the breakthrough that Reid referred to was an idea Pelosi came up with to address questions about whether taxpayers would be protected in the bailout. 

Treasury Secretary Henry Paulson stood with Pelosi and Reid as they announced the progress. 

"We've made great progress toward a deal which will work and will be effective in the marketplace and effective for all Americans," Paulson said. 
Rep. Barney Frank, D-Massachusetts, the House leader on the issue, said the final plan will be a compromise that includes some of the original Bush administration proposals and elements demanded by congressional negotiators. 

"I do think we have reached as good a product as you can in this democracy given all the interests," Frank said. 
Sen. Judd Gregg, R-New Hampshire, called it "dramatic progress towards accomplishing something that is critical for the American people." 

"We can't underestimate what we face as a threat relative to a fiscal meltdown and the impact it would have on Main Street," Gregg said. "This is about people's jobs. It's about people's savings. It's about people's ability to participate in commerce and send their kids to school and be able to borrow money to run their small businesses."

White House spokesman Tony Fratto said the Bush administration was "very pleased with the progress made tonight in these discussions." He applauded the "hard work on both sides of the aisle" that led to this point.

Fratto said that the president had been in close contact with key negotiators throughout the evening, including an evening phone call with Pelosi and frequent calls with White House Chief of Staff Josh Bolten.

 However, when pressed on whether the president has signed off  on a formal agreement, Fratto would only say, "the White House is very pleased with the progress."
 Paulson first announced the bailout plan September 18.

 The Bush administration is seeking authority for the Treasury to buy as much as $700 billion in troubled mortgage assets that are weighing down banks and other financial institutions in hopes of freeing up he banks to start lending again.

 If enacted, it would be the most dramatic and extensive government intervention in the economy since the Great Depression. The aim is to unfreeze the credit markets -- short-term lending among banks and corporations -- by giving the Treasury authority to purchase bad assets from banks and other financial institutions. 


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 Pelosi,站在參議會多數黨領袖的側面伴隨著其他的議會領導者,在12:30 a.m發表了宣告,這一談話在星期日的傍晚發表於美國國會。他們的目標已經被精巧的創造而且聲稱在星期日制定一套新的財政法規,在這一刻全世界的金融市場將開始啟用。"我們已經將正式的報告提交議會我們需要正式的同意"Pelosi said. 

 Reid說議會編輯用了一整個晚上修改了所有的政策細節,使它可以用於星期天的宣告中。這嘗試性的政策之所以被完成,是為了挽救財政管理與監督程序,藉由包括了財政部秘書長,證卷、匯率委員會領導人,聯邦儲備主席互相交流的委員會，參議院預算委員會領導人Sen. Kent Conrad, R-North Dakota說道。

 根據Conrad說法,將會投入$700 billion階段性支付,且立即追加$250 billion可用的資金。在增加的部分,財政部將設立一個保險(安全保證)過程—藉由向企業投保—去緩和納稅人的損失。這援助方案將可能控制與彌補實行這些公司的損失。最終,政府將會得到的這些公司正常營運後所回收的淨值。但估計必須減少國庫對於納稅人的風險。 

 一個民主黨眾議員助手說"你必須放入任何細節於報告中,且這個架構是必須可以被同意的，且小心的檢查了數遍"。共和黨眾議員必須還沒表示最新計畫，但他們交涉者,眾議員Roy Blunt, R-Missouri說他將出席星期日早上報告完成後的共和黨幹部會議。"我認為我們明天將可以公開的宣告,但這是個艱難的議題" Blunt said.

 Reid 說在星期六午夜之前將會有"突破點"，Pelosi將有可能把這構想提出。