Posted on 09/27/2008 9:26:18 PM PDT by BAW
Nervously eyeing the markets' next trading session, key lawmakers in both parties and Treasury Secretary Henry Paulson worked late into the night Saturday trying to close an agreement on a multibillion-dollar government bailout of distressed financial companies.
House Speaker Nancy Pelosi, D-Calif., told reporters "quite a bit" of progress was being made on a deal that Congress could send to President Bush as early as Monday after votes in both houses.
A key sticking point was how to include a new government-sponsored insurance program demanded by House Republicans as an alternative to devoting the entire $700 billion buying up devalued mortgage-backed securities and other toxic debt from banks and investors.
We're making a lot of headway; I think it's possible to get this thing done tonight," said Senate Finance Committee Chairman Max Baucus, D-Mont. "I can't guarantee it," Baucus quickly added.
The House was scheduled to convene at 1 p.m. EDT Sunday and members there were hoping they could vote on a bill by that evening and go home to campaign for re-election. The Senate isn't scheduled to go back into session until Monday
(Excerpt) Read more at sfgate.com ...
I am sick of these bloviating libs, they are probably still fighting with the House.
Someone stuff something into Frank’s piehole...ooh I just thought of what that would likely be....:(
Barnie Frankenstein says bill will not make everyone happy. Bush plan mixed with compromises. We’ll see...
Maybe they just got their Blackberries back and are busy communicating.
Taking NO questions from the press.
I emailed a bunch of people tonight in congress saying there be better no ACORN or other liberal pork in this.
Any bill has to be posted on the Thomas system for 24 hours prior to a vote, correct?
I thought so.
I think you nailed it.
GOP??????? WJere are they?
Hey, Dodd, when're ya gonna release those documents...?
Talk about the fox guarding the henhouse.
The only news I want to hear is that negotiations have been broken off and there is no deal pending.
GOP is being silent, but i bet they have a reason, timing is everything in a political year.
Personally, I’d like to see a mass resignation.
You mean like whether or not any of 'em have retained criminal defense attorneys...
I’d like to see a mass indictment.
Blunt said he’ll see what his colleagues have to say about it tomorrow.
I'd rather see a mass indictment, arrest, and conviction.
Only on cnn right now.
discussion.
And I throught I was dreaming. LOL.
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