Will US Congress pass some form of a financial bailout bill before their recess in late September?

WASHINGTON, Sept 23 (Reuters) - U.S. House Democratic Leader Steny Hoyer said lawmakers hope to enact a proposed $700 billion Wall Street bailout by Friday but will take the time to do it "responsibly."

In remarks to the Center for American Progress, the Maryland lawmaker said the Democratic-controlled Congress would refrain from burdening the legislation with unrelated measures such as children's health care, but would insist on strong oversight and help for homeowners facing foreclosure.

"We would like to do it by Friday," Hoyer said. He said lawmakers would work through the weekend and into next week if necessary to "responsibly" craft and act on the package. Congress was scheduled to recess at the end of this week.

Hoyer also said the administration is beginning to understand the "political realities" of lawmakers including in the legislation a measure to limit the pay of corporate executives who participate in the bailout. (Reporting by Donna Smith, editing by Gerald E. McCormick)

http://biz.yahoo.com/rb/080925/business_us_washingtonmutual_jpmorganbiz.html?.v=3

at the risk of facing the wrath of the admin. it can't be settled yet. option 3 is still viable.

Doesn't matter the question is passed its due date, who care if there is still another option. ITS SETTLED!

s99nj - what if they go on vaction without passing a bailout? suspension date is not always the settlement date.

@dieseldog

Shouldn't matter, the question is the ACTUAL RESULT by the SUSPENSION DATE. It shouldn't matter if there other choices still in play, because that wasn't the terms of the question. The event that occurred when the question ended IS THE SETTLEMENT. What moron decided to keep this going. The mods should have flagged this earlier. Another case of biased moderation I mentioned in the forums.

s99nj - you can flag the question and explain your view to the admin. goodluck.

All, I'm the question creator and my original intent for the second choice was "No bailout bill passed by 9/26 & meet beyond 9/26", which was what happened. But the field size limitation did not let me put all those words down, so the second choice came out to be "No bailout bill passed & meet beyond 9/26". (*Hint to admin: increase the field size limitation). I apologize for the confusion and I hope this provides closure to everyone. Sorry @dieseldog.

I understood option 2 perfectly!

The problem with this market currently is that option 3 could also occur. It is possible they don't pass the bill in the house and go on vacation. Therefore both option 2 and 3 would be correct. If that event occurs, this market will be voided. If as we all think the house votes on this on Friday and passes it, then option 2 will be the winning option. Right now we are in wait and see.

@rk725:
What was your intention with regards to option3?

@rk725..no need to aplogise to me. i was trying to help s99nj. he got a lil heated so i sent him to the admin. they get paid to deal with that. :O)

I'm leaving now, because common sense should rule the day.....I'm done

He was serious!