AFP
September 25, 2008

US and European share prices took flight Thursday on brighter prospects for a 700-billion-dollar plan to end the financial crisis threatening the entire US economy.

The White House, where President George W. Bush was later in the day to hold emergency talks with the two US Presidential candidates, said “significant progress” had been made in talks with lawmakers to craft a compromise rescue package.

“We’re reaching a consensus and we’re going to try to drive that to a conclusion today,” spokeswoman Dana Perino said, hours before unprecedented crisis consultations with Democrat Barack Obama and Republican John McCain.

“We certainly don’t have a deal yet, there are a lot of issues” still to be worked out, cautioned Perino, adding “it’s just too early to say” whether a deal was imminent.

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