WASHINGTON - Key Republicans and Democrats reported agreement Thursday on an outline for a historic $700 billion bailout of the financial industry, but there was still resistance from rank-and-file House Republicans despite warnings of an impending panic.
"I now expect we will, indeed, have a plan that can pass the House, pass the Senate, be signed by the president and bring a sense of certainty to this crisis that is sill roiling in the market," Sen. Bob Bennett, R-Utah, said as members of both parties emerged from a two-hour negotiating session.
Negotiators planned to present the outline at a White House meeting later Thursday with President Bush and the rivals to replace him, Republican John McCain and Democrat Barrack Obama.
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Comments: 28
I seem to notice that whenever Obama seems to be making inroads and remains standing thru all the flak.................here comes yet another broadside to deflect or defend against!
Sad to say....
"Sleeper cells are NOT what will destroy THIS country.....
the GOP has beat them to it"
I have not been able to think of anything BUT this all day today. Trying to work was not easy...
Group E-mails Always Welcome Here.
When is the last time they broke one up? Seems like nothing but mergers to me all the time.
Cornyn responded by bristling that McCain was swooping in at the last minute and trying to take over:
Things got really heated when Cornyn accused McCain of being too busy campaigning for president to take part in the negotiations, which have gone on for months behind closed doors. “Wait a second here,” Cornyn said to McCain. “I’ve been sitting in here for all of these negotiations and you just parachute in here on the last day. You’re out of line.” […]
“[Expletive] you! I know more about this than anyone else in the room,” shouted McCain at Cornyn.
Hmmmmmmmmmmmm....
Now where is it I should lQQk for the Change McCain has promised??
McCain killed it. He does not want to debate. Also he can be a hero once again by coming up with his own deal.
Chaos erupted today in the negotiations over the proposed financial bailout as lawmakers bickered over competing counterproposals to the Bush administration's $700 billion rescue plan. A White House meeting was meant to speed approval of an agreement but instead revealed deep divisions between Democrats and Republicans, CNNMoney reports.
You think it had something to do with Roy Rogers riding his horse into the west wing?
No cameras, deal looks good
cameras.....no deal
You think there's a corelation
It's refreshing to have someone comment that knows something that wasn't obtained on cnn
THE POINTS DEPOT
One question I have is, why is SENATOR McCain becoming involved with the House Republicans ? Is it because he was not invited nor allowed into any of the committee meetings in the Senate, he went on down to the House and found a band of merry men who will follow him ?