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Sunday, September 21 2008 |
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Congress ready for bailout, wants help for middle class |
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WASHINGTON: US congressional leaders, stunned by the depth of the
meltdown, considered quick legislative action Saturday on a huge
White House-proposed bailout for the financial sector but demanded
help for workers and reeling Wall Street firms.
A senior official in the administration of
President George W. Bush said the details of its massive finance
sector rescue plan worth hundreds of billions of dollars were sent
to members of Congress on Friday.
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O T H E R R E P O R T S
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Obama ponders own recovery plan, rips McCain
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MIAMI: US Democratic presidential nominee Barack Obama pondered his
own economic rescue plan Saturday, saying his White House rival John
McCain was flailing at a time of financial crisis and a government
rescue for Wall Street must shield regular Americans too.
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Gov’t insists: No ransom for abducted aid workers
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Government officials on Saturday rejected paying a ransom to free
two female aid workers abducted by Islamic militants on the Mindanao
island of Basilan.
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WORLDINBRIEF
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ISLAMABAD: Pakistan’s new President Asif Ali Zardari Saturday told
parliament to abolish his wide-ranging powers and warned “we will
not tolerate” sovereignty violations after a series of
cross-border strikes. In his debut address to a joint...
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