Stocks upbeat as bailout jitters ease

September 23, 2008

Wall Street opened higher on Tuesday as the architects of the government's $700 billion bank bailout plan made their case to lawmakers. While Wall Street kept its ears opened to the testimony on Capitol Hill, some in Washington were still not convinced by the sketchy terms of the bailout. Meantime, oil prices were tame compared to the previous session. Oil hovered around $108 a barrel in early Tuesday trade. SPEAKER: Bill Niskanen, chairman, Cato Institute Conway Gittens reports from New York.