
WASHINGTON (CNN) – A New Hampshire senator who is helping negotiate a bailout agreement for the finance sector said Saturday he expects a single proposal to be hammered out by Sunday.
Judd Gregg of New Hampshire said the negotiating team planned to meet late Saturday afternoon.
"Senator (Chris) Dodd and I talked about this a lot and the basic understanding is that when we get in that room as principals we will stay there until we reach an agreement, or if we can't reach an agreement ... we'll stay until we've done something" to address the issue "in a comprehensive and
effective way, hopefully," he said.
"The progress we're making is good and I can say with some confidence that we've basically moved this thing down the road a long way toward reaching an agreement," Gregg added.
He and Senate Minority Leader Mitch McConnell of Kentucky appeared together at a news conference where McConnell added, "The goal would be to announce an agreement tomorrow and have the vote on Monday."
NEW YORK (CNNMoney.com) – Negotiators from Capitol Hill and the Bush administration – after working well past midnight – are set to resume talks Saturday over a proposed $700 billion bailout of the financial system.
The talks, which broke at 1:40 a.m., involve staffers from Congress, the Treasury Department and the White House, a senior administration official told CNN.
The exact status of the legislation and the next steps remained unclear, but officials say they face pressure to agree on a bill and vote very soon.
Fewer than a dozen "unresolved issues" remain, a spokesman for a key lawmaker said Saturday.


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