Congressional leaders and the Bush administration reached a tentative deal early Sunday on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession.
House Speaker Nancy Pelosi announced the $700 billion accord just after midnight (ET) but said it still has to be put on paper, according to an AP report on FOX News. The complete article is available here.
Government caused this crisis by enabling ridiculous borrowing. Now we’re going to borrow ridiculously to solve it? The sooner government gets their hands off of private and free enterprise, the sooner we see real recovery.