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  • Bush scrambles to save $700B bailout plan

    09/26/2008 7:00:44 AM PDT · by wilco200 · 79 replies · 1,287+ views
    Yahoo ^ | 9/26/08 | CHARLES BABINGTON
    WASHINGTON - The chairman of the House Financial Services Committee declared Friday that an agreement on legislation to relieve a spreading financial crisis depends on House Republicans "dropping this revolt" against President Bush. Rep. Barney Frank said leading Democrats on Capitol Hill were shocked by the level of divisiveness that surfaced at a White House meeting Thursday, not long after key congressional players of both parties declared they'd achieved the broad outlines of an agreement on a bill implementing the administration's proposed $700 billion bailout plan.