Some form of bailout plan for distressed financiers may clear the US Congress, with details likely to be confirmed in the next few hours.The Wall Street Journal reported that talks between the Bush administration and Congress will break the proposed US$700 billion appropriation into instalments.Treasury would have access to US$250 billion immediately, with another $100 billion to follow if needed, the WSJ reported online. Congress would be able to block the last instalment through a vote if it was unhappy with the program.Bloomberg reported this slightly differently, with an additional US$350 billion also agreed by Congress but with a right of veto in circumstances yet to be spelled out. The plan is also likely to give the US government equity warrants in all participating companies, the WSJ reported.Details of the mechanisms for the valuation of troubled assets (including mortgage-backed securities and similar assets) and the valuation of equity warrants are not yet available but this may be clearer later this morning.The agreement will also involve some limit on executive pay.