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 involvement of international guarantors in the safe exit to Pervez Musharraf due to negative impact of the statement in the country's political situation.
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.