White House, Congress push for bailout deal - Yahoo! News: "700 billion buying up devalued mortgage-backed securities and other toxic debt from banks and investors.
'We're making a lot of headway; I think it's possible to get this thing done tonight,' said Senate Finance Committee Chairman Max Baucus, D-Mont. 'I can't guarantee it,' Baucus quickly added.
The House was scheduled to convene at 1 p.m. EDT Sunday and members there were hoping they could vote on a bill by that evening and go home to campaign for re-election. The Senate isn't scheduled to go back into session until Monday.
Presidential politics again played a role in the bargaining. Republican John McCain and Democrat Barack Obama called key negotiators and portrayed themselves as helping without getting directly involved in the talks.
Bush expressed confidence earlier Saturday that lawmakers soon would approve a rescue plan while acknowledging that many Americans are frustrated and angry at the amount of money taxpayers are being asked to put up for covering Wall Street firms' mistakes."
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