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| Version 0 | Version 1 |
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| 'Great progress' in US bail-out | 'Great progress' in US bail-out |
| (10 minutes later) | |
| US congressional leaders say they have reached the broad outline of a rescue plan for the American financial system. | US congressional leaders say they have reached the broad outline of a rescue plan for the American financial system. |
| Democratic House Speaker Nancy Pelosi said "great progress" had been made during a night of marathon talks - but details remain to be worked out. | Democratic House Speaker Nancy Pelosi said "great progress" had been made during a night of marathon talks - but details remain to be worked out. |
| Senior Republican and Democratic leaders have been trying to agree on buying bad debt that is freezing up financial markets. | Senior Republican and Democratic leaders have been trying to agree on buying bad debt that is freezing up financial markets. |
| The Bush administration wants $700bn (£380bn) to help the finance sector. | The Bush administration wants $700bn (£380bn) to help the finance sector. |
| Negotiators want to have the outline of a deal to reassure the markets before they reopen on Monday. | Negotiators want to have the outline of a deal to reassure the markets before they reopen on Monday. |
| But House Republican leaders have criticized some elements of the administration's proposal. | But House Republican leaders have criticized some elements of the administration's proposal. |
| US Treasury Secretary Henry Paulson, who took part in the talks, said that Congressional leaders had been "working very hard". | |
| "We've made great progress toward a deal, which will work and will be effective in the marketplace, and effective for all Americans," he said, at an early morning press conference. | |
| But Ms Pelosi said the deal had to be committed to paper before it could be formally agreed. |