The papers responded a little too quick to the news from the States,

US agrees to a $700b banking deal says the Telegraph

Hopes rise as American's agree to rescue banks says the Times

Phew says the Mirror adding that the US saves the world economy.

The Independent plays it safe with its headline Bankers must take pay curbs and reports the reality of the situation saying

Hopes of a deal being announced last night were scotched when Senator Richard Shelby, who has consistently opposed the package as originally proposed by Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke, abruptly appeared before cameras outside the White House insisting no such deal was close.
A sombre Barack Obama later said that he had arrived in Washington believing that a deal was close but "that something happened in the intervening hours". But he insisted the game was not over. "I think eventually we are going to get a deal but I think there is still some work that needs to be done."

Other papers played it safe,the Mail has the headline Back to the Dark Ages and reports that

Homes could be plunged into darkness this winter as the nation faces the shocking prospect of power cuts.
The warning, following the release of grim industry figures yesterday, will dredge up memories of the last electricity crisis in 1974.
Then, households had to manage with candles, factories were put on short-time and TV broadcasts ended at 10.30pm.

The Guardian splashes an exclusive reporting that

Israel gave serious thought this spring to launching a military strike on Iran's nuclear sites but was told by President George W Bush that he would not support it and did not expect to revise that view for the rest of his presidency, senior European diplomatic sources have told the Guardian.
The then prime minister, Ehud Olmert, used the occasion of Bush's trip to Israel for the 60th anniversary of the state's founding to raise the issue in a one-on-one meeting on May 14, the sources said. "He took it [the refusal of a US green light] as where they were at the moment, and that the US position was unlikely to change as long as Bush was in office", they added.

But there is plenty of other financial news,the Telegraph reports that

Home owners face paying up to £500 a year more on the average mortgage as some of Britain's largest lenders raised rates in the wake of the economic turmoil of the last two weeks.

Meanwhile the Times claims that

The Church of England was accused last night of having used short-selling to maximise profit on a £5 billion investment hours after its archbishops criticised banking practices.
After the call from the archbishops of Canterbury and York for tighter regulation of the markets, the liberal think-tank Ekklesia said that the Church was implicated in stock market speculation. It said that in 2006 the Church Commissioners, which manages the Church of England’s investments, set up a currency hedging programme against a fall in the value of sterling, effectively short-selling the pound to guard against rises in other currencies. It also criticised the Church for its shareholdings in oil and mining companies.

First ID cards are to be issued within weeks reports the same paper

Jacqui Smith unveiled the card which is to be issued to people outside the European economic area renewing their permission to stay in the UK as students or on the basis of marriage.
Up to 60,000 cards will be handed out between November and March in the first large scale production of the 4.7bn identity card scheme.
The red and blue card bears the royal crest plus the shamrock, daffodil, thistle and rose as symbols representing the four countries making up the United Kingdom.

The Independent describes it as an assault on our freedom

Talk about an unwelcome arrival. The Government has unveiled a small piece of plastic which represents a big threat to our historic liberties. The Home Secretary, Jacqui Smith, was showing off Britain's first biometric ID cards yesterday. From November, the cards will be issued to foreign students from outside the European Union and to marriage visa holders. According to Ms Smith: "We want to be able to prevent those here illegally from benefiting from the privileges of Britain."

The Guardian looks ahead to the first presidential debate,90 minutes in TV spotlight that will make or break candidates

The White House election could be decided in just 90 minutes. The presidential debate, still scheduled for tonight in Oxford, Mississippi, provides the first opportunity for voters to see John McCain and Barack Obama together and finally make up their minds.
Almost 20% of the electorate are still undecided, according to opinion surveys, and both Democratic and Republican pollsters agree that the debate, set to attract a record television audience, could settle doubts about the two candidates

Staying abroad and the Times reports that the Zimbabwe power-sharing deal faces disaster

Zimbabwe’s power-sharing deal is close to collapse after only 12 days because Robert Mugabe and his generals are determined to thwart it, Western diplomats said yesterday.
“We are looking at the possibility of this thing failing,” a senior diplomat told The Times as Mr Mugabe demanded an end to the “illegal and unilateral” sanctions at the UN General Assembly in New York last night. Another gave the deal a mere 25 per cent chance of survival, saying Mr Mugabe had entered it in bad faith and had duped the opposition leader Morgan Tsvangirai

Political intrigue has not gone away,Labour rebellion against Gordon Brown 'far greater than previously known' says the Telegraph

The Daily Telegraph has learned that dissatisfaction with the Prime Minister's performance extends all the way up to Cabinet level, but the rebels are worried "dirty tricks" could be used to discredit them if they speak out.
In particular, they predict that Nick Brown, the Deputy Chief Whip, could lead the backlash by unleashing the "dark arts" against any plotters who go public. The chances of Mr (Nick) Brown taking over from Geoff Hoon as Chief Whip in an expected Cabinet reshuffle next week are high.

The Guardian reports that there is a Revolt brewing over candidate for chief whip

Downing Street is said to be aware that key figures would see the promotion of Brown, who was brought back to the government as deputy chief whip last year, as a provocative act. He is a controversial figure among supporters of Tony Blair, who believe he played a key role in undermining the former prime minister.
Blair believes that one of his biggest mistakes after the 1997 election was to appoint him as chief whip. He was demoted to a non-voting cabinet post after the 2001 election and sacked in 2003.

Another split in the government according to the Independent which reports that

The Cabinet is split over whether to approve a controversial plan for a £1bn coal-fired power station at Kingsnorth in Kent which has become a key test of its green credentials.
John Hutton, the Business Secretary, wants to approve the project even if it is not chosen for an experiment in which its carbon emissions would be "captured" and stored under the sea

The Mail reports on the Sky jam over Britain

Tens of thousands of passengers had their plans thrown into chaos last night after a computer glitch brought airports to a standstill.
A fault at the national air traffic control centre meant departing flights had to be grounded and incoming flights were not allowed to land.
Hundreds of flights were affected at many of Britain's airports, including all five London hubs and most regional terminals. Several European airports were also affected by knock-on delays

According to the Telegraph,Middle classes 'more likely to develop breast and skin cancer'

Career women delaying having children and exposing themselves more to the sun on foreign holidays are to thought to be behind the gap.
The figures also show that deprivation increases the risk of developing lung and cervical cancer, because people from poorer backgrounds are more likely to smoke and to skip smear tests.
The new research, published in the journal BMC Cancer, looked at more than 300,000 cancer patients in England, diagnosed between 1998 and 2003.

The Sun leads with the news that

THE daughter of hate cleric Omar Bakri Mohammed is a POLE DANCER, The Sun can reveal.
Busty Yasmin Fostok, 27, leads a secret life after rebelling against her fanatical Muslim dad — who rants against Western “depravity

The Times meanwhile reports that

Muslim spiritual leaders could be denounced publicly by their own community as part of a campaign to expose imams whose silence on domestic abuse is leading to women being burnt, lashed and raped in the name of Islam.
Muslim scholars are to present the Government with the names of imams who are alleged by members of their own communities to have refused to help abused women. Imams are also accused of refusing to speak out against domestic abuse in their sermons because they fear losing their clerical salaries and being sacked for broaching a “taboo” subject

The Express reports on MYSTERY OF FOOTBRIDGE FALL THAT KILLED WOMAN

A young woman died and a teenage girl was fighting for her life in hospital last night after they both mysteriously plunged 30 feet from a footbridge.
Passers-by found Donna Lennox, 20, and her unnamed companion with serious head injuries in the early hours of Thursday.
Both women were given emergency first aid at the scene in Cumbernauld, Lanarkshire, before they were taken to Monklands Hospital in Airdrie.

$3bn ploughed into fight against malaria reports the Guardian

World leaders yesterday announced an ambitious plan to end all malaria deaths by 2015, backed by unprecedented funding of nearly $3bn (£1.6bn) from donors, including the World Bank and the Gates Foundation.
A key part of the strategy is the introduction of a vaccine against the deadly disease, which is now just entering the final stage of trials. Although the vaccine is expected to be only partially effective, it will still save thousands of lives.

Finally the Mail reports on Why this winter could be DRIER than the summer

With mild conditions predicted throughout the coming months, the estimated rainfall is set to dip under the summer's total of 327mm - which was one and a half times the average.
Last night, the Met Office raised the prospect of the first seasonal reverse since 1992, when 279.7mm of rain fell in the summer compared to 245.7 the following winter.
However, despite the promise of a mild and dry winter, there is a flip side.
Forecasters have warned that it could be cold and we should have our scarves at the ready as an icy chill begins to bite at the start of next week.