It is looking like no deal. at the moment. House Republicans are balking at the terms put forward by the Democrats (I thought there was an awful lot in there that would have been tough for the Republicans to swallow).
Republicans are floating a plan that would have the government insure the toxic debt rather than take it onto the balance sheet. However meritorious that idea may be, it is late in the game to bring it to the table.
Paulson is pleading with leadership to keep the deal alive.
The dollar is pretty stable, all things considered, at 1.4725 and 106.40.
