Wednesday, February 11, 2009

Deal Reached on Bailout Bill

A deal has been reached on the Bailout bill. This is impressively fast, and perhaps even more impressive is that the total cost is lower then either the Senate or House bill. The new total is $789 billion, still an astronomical number by any metric. It appears that the Republicans were more or less frozen out of the negotiations but Snowe and Collins were consulted.

More at http://www.iht.com/articles/2009/02/11/america/12stimulus.php and http://www.humanevents.com/article.php?id=30667.

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