This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7636542.stm

The article has changed 16 times. There is an RSS feed of changes available.

Version 0 Version 1
US agrees to details of bail-out US agrees to Wall Street bail-out
(10 minutes later)
Both US parties in Congress have reached agreement on the outline of a $700bn (£380bn) bail-out plan to revive the financial sector.Both US parties in Congress have reached agreement on the outline of a $700bn (£380bn) bail-out plan to revive the financial sector.
Leading Democrat Senator Christopher Dodd said they had reached "fundamental agreement" on the package though he did not reveal details.Leading Democrat Senator Christopher Dodd said they had reached "fundamental agreement" on the package though he did not reveal details.
He said Congress could act in the next few days to pass a bill on the subject.He said Congress could act in the next few days to pass a bill on the subject.
The plan is aimed at helping finance firms offload their bad debt, which has triggered a global credit crisis.The plan is aimed at helping finance firms offload their bad debt, which has triggered a global credit crisis.
"We now expect that we will have a plan that can pass the House, pass the Senate and be signed by the president," Senator Robert Bennett of Utah said after meetings with lawmakers on Thursday."We now expect that we will have a plan that can pass the House, pass the Senate and be signed by the president," Senator Robert Bennett of Utah said after meetings with lawmakers on Thursday.
Details of the package were not immediately available but it is expected to include limits on executives' pay as well as oversight requirements.Details of the package were not immediately available but it is expected to include limits on executives' pay as well as oversight requirements.
The news comes as President George W Bush is set to meet both presidential candidates, John McCain and Barack Obama, to discuss the bail-out and how to revive the economy.The news comes as President George W Bush is set to meet both presidential candidates, John McCain and Barack Obama, to discuss the bail-out and how to revive the economy.
The benchmark Dow Jones index has risen sharply on the news, adding 3%, to 11,128.7.