More work needed on US bailout plan
Published:Friday | September 26, 2008 | 10:28 AM
US political leaders are continuing talks on a US$700b bailout plan to revive the financial sector.
After several hours of talks with President George W Bush, members of congress said more work was needed.
Presidential candidate Barack Obama, who was present at the talks along with his rival John McCain, says progress had been made on several key points.
Congressional leaders are to meet top government finance officials to try to rework the White House\'s proposal.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were meeting Senate and House members late yesterday after earlier optimism earlier in the day that agreement was near proved unfounded.