From CongressDaily:
Democratic negotiators emerged from a meeting this afternoon to say they have an agreement in principle on a financial rescue bill that they are taking to their respective caucuses for consideration. House Speaker Pelosi earlier today said such a deal was coming together, although House Minority Leader Boehner later said no bipartisan agreement had been struck. Congressional leaders will be headed to the White House for a 4 p.m. meeting on the crisis.
Agreement in principle is reached, no actual legislative language has been drawn up yet. Question of the day: Does McCain debate?