Emergency Economic Stabilization Act

Deal in Limbo: Expected Agreement on Bailout Hits Snags 

Key lawmakers emerged from a three-hour meeting on Thursday afternoon saying they had agreed on key details surrounding a planned bailout of the financial markets, only to have their hopes dashed in an evening meeting with President Bush that one Senator described as a “total disaster.” Nonetheless, both parties agreed to press on, and said they remain confident a deal can be done before this weekend is out.