Senate candidate Barkley skeptical about bailout
ST. PAUL, Minn. — Minnesota Senate candidate Dean Barkley says the Bush administration needs to provide the public with more proof before Congress goes forward with a massive financial industry bailout.
The Independence Party candidate vying for the Senate seat held by Republican Norm Coleman says he doesn’t believe there is "an imminent doom" for the economy if political leaders want to take more deliberate action.
Negotiators in Washington were working Friday on details for a Wall Street rescue package. The Bush administration is urging quick action on a $700 billion bailout plan it crafted.
Coleman and Democratic candidate Al Franken both support the idea of a bailout with conditions, including more oversight and limits on executive compensation.