Principled agreement on financial package
Democrats and Republicans have settled in the U.S. Congress on a 700 billion euro package for heavy rescue ailing financial institutions agreed.
The Democratic chairman of the Senate Banking Committee, Chris Dodd, said on Thursday after two talks: “We are very confident that we can act expeditiously.”
Republican Senator Bob Bennett said: “I expect now that we in fact have a plan, which the House of Representatives and the Senate passed and signed by the president.” Details of the agreement were not initially known.
“Economy in danger”
On Wednesday evening, Bush was in a dramatic televised address on prime time demanded quick decisions. “Our whole economy is in danger,” warned the president. “Without immediate action of Congress could America in a financial panic slip, and an unfortunate scenario could unfold.” Alongside the Democrats Obama and McCain, the Republican Bush also asked leading members of Congress, attended the meeting at the White House to participate. He even called Obama personally to invite him, as his spokeswoman announced.
Even before the agreement has the hope to rescue the U.S. stock markets on Thursday brings profits. The Dow Jones index of defaults rose to the afternoon by 2.2 percent to 11,065 points. In Frankfurt, the Dax with a gain of two percent to 6,173 meters from the trade.