President House has backed out:
Leader of Pakistan Muslim League-N, Khawaja Asif has said that the President House backed out from its pervious statement regarding the involvement of international guarantors in the safe exit of former president Pervez Musharraf.
In a stunning rebuke to President Bush, congressional leaders and Wall Street, the House rejected a $700 billion financial bailout package Monday, with a coalition of conservative Republicans and liberal Democrats refusing to grant the government sweeping powers to buy up distressed loans.