Congress Pushes for Oversight in Historic Wall Street Bailout

Congress and the White House may be closer to agreeing on a $700 billion Wall Street bailout package. In a briefing with reporters this afternoon, Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, said the Bush administration and Congress have worked through conflicts on a provision that would allow for the creation of an oversight board to review how the $700 billion would be spent. Both Democrats and Republicans in Congress have been calling for the...Full Story
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