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Capitol Hill negotiators returned to the bargaining table Friday to work on details of the plan, while President Bush and leading lawmakers offered assurances that Congress and the administration would hammer out a deal.
Stocks stumbled through much of the day, but they rallied toward the end of the session on news that bailout talks has resumed, with Republicans and Democrats working towards a compromise. Investors positioned themselves for a Monday rally, on the hopes that a deal would be made by Sunday.
For a time, the first presidential debate that was scheduled for Friday night hung in the balance. Sen. John McCain, R-Ariz., said that working on the bailout was more important than campaigning, and he decided to return to Capitol Hill to help work on a plan. But Sen. Barack Obama, D-Ill., said there was no need to cancel or postpone the debate.
In the end, the candidates decided to go ahead and face off at the University of Mississippi, where the nation's economic crisis took center stage early on.
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