An entire day was spend by key lawmakers trying to close a deal allowing as much as $300 billion to be used by the government for home loans and oversight the mortgage industry. After a day of arguments and discussions, the lawmakers were able to put things closer together, but were not able to finalize the compromise. A spokesman believes that an agreement has been made but still just in concept, then stating that they are currently in the process of “translating” this concept into words -  a final agreement. Even if the two committees reach into an agreement, it is still another issue whether President Bush would support this bill or not.

by: Vii