Congressional leaders began to lay out the details of a historic bailout deal Sunday afternoon, and hope to seal the deal in time for Monday morning trading.

?We've made great progress toward a deal that will work for all America,? U.S. Treasury Secretary Henry Paulson says.

The news comes as a relief to millions of worried Americans.?Hopefully they can get it together, but it's not a great situation at all, obviously,? says Ed Beglan, of Yonkers.Larry Stanler, of Yonkers, wants a deal as soon as possible. ?Right now we are in such bad shape, they have to do something,? he says.

On Sunday, Congressional leaders and the Bush administration announced they've agreed on the specifics of the $700 billion bailout plan and expect to vote on it by Monday.

Details of the proposed plan include: the option to insure bad home loans rather than buy them; limiting executive severance pay; requiring financial firms to repay the government with interest for any losses after five years; and creating stocks for taxpayer profit share.

Lawmakers say the bailout will allow troubled lenders to keep credit lines open and continue to make new loans.