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Lawmakers near bailout deal as U.S. economy stumbles

10:44 AM Thu, Sep 25, 2008 |
Peter C. T. Elsworth    Email

NEW YORK - U.S. lawmakers neared agreement on a massive Wall Street bailout plan on Thursday with more protections for taxpayers, giving world stock prices a boost even as data showed the U.S. economy slowing, according to Reuters.

Lawmakers hope to reach a bipartisan consensus on a proposed $700 billion rescue for U.S. financial firms in time for a meeting at the White House Thursday afternoon.

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