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By AP
26 September 2008 @ 09:12 pm EST

Frank sees bailout agreement by Sunday

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WASHINGTON (AP)--The Bush administration and Congress anxiously revived negotiations Friday on a $700 billion financial bailout, one day after the largest bank collapse in U.S. history provided a brutal reminder of the risks of failure.

Massachusetts Rep. Barney Frank, a key Democrat in eight days of up-and-down talks designed to stave off an economic crisis, saw agreement on a bill by Sunday.

Frank and Pelosi spoke a few hours after President Bush prodded lawmakers to act.

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Stocks mixed on bailout clash; tech slides

NEW YORK (AP)--Financial markets remained on edge Friday after the Bush administration's proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers.

Stocks ended mixed, with big financial companies lifting the Dow Jones industrials more than 120 points, but worries about smaller banks and parts of the technology sector taking much of the market lower.

Demand for safe-haven buying in government debt remained high as investors uneasily watched events in Washington.

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Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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