WSF Headline Roundup - 7/23/08 - Bailout cost could be $25B?; Fannie Freddie deal; Oil bill won't...

Cost of Loan Bailout, if Needed, Could Be $25 Billion Cost of Loan Bailout, if Needed, Could Be $25 Billion - NY Times The proposed government rescue of the nation’s two mortgage finance giants will appear on the federal budget as a $25 billion cost to taxpayers, the independent Congressional Budget Office said on Tuesday even though officials conceded that there was no way of really knowing what, if anything, a bailout would cost..... U.S. Lawmakers Reach Deal on Fannie, Freddie Bill - Bloomberg U.S. lawmakers reached agreement on a rescue plan for Fannie Mae and Freddie Mac that the House may vote on tomorrow, Representative Barney Frank said. Under a modified version of proposals made by the Bush administration, the Treasury Department would gain authority to inject capital into the two largest U.S. mortgage finance... [read full story]