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It looks like congressional leaders have got what they have been waiting for. The $700 Billion bailout Rescue Deal of banks and other financial institutions holding bad mortgages debts, should be underway by the reopen of the world’s stock markets tomorrow.

Congressional leaders will face yet another challenge this week, with the House expected to vote on the plan as soon as Monday, and Senate as soon Wednesday.

The two-stage bailout is a whopping $700 Billion, which is now federal debt on the nation’s taxpayers! damn!

Now here is the catch, the congressional leaders must divide the bailout into two phases, starting with the first $350 billion payout, then requiring a second congressional approval for the next installment.

“Getting this done soon, promptly, is absolutely critical to the confidence of the markets.” Sen, Judd Gregg, one of the leader negotiators, said Sunday, predicting the votes approve it this week. “The option of not passing is not acceptable.”

What do you guys think? This will bring our national debt to around $10-$13 Trillion, depending on what source you go by.

And what effects will this really have? Short term? Long term? Can we gaurantee this will be the “end-all” fix to this economic crisis?

Let’s watch and see how this plays out over the week.

Stay locked.