AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Wednesday, September 24, 2008:

Exec pay limits gain support as bailout questioned

WASHINGTON (AP) _ Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress. The Bush administration was resisting the move as it scrambled to overcome widespread misgivings on Capitol Hill and swiftly push through its plan to rescue tottering financial firms by buying up their rotten assets.

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Buffett's Berkshire betting $5 billion on …