Pelosi Claims ‘Great Progress’ on Bailout Deal

Just a day after negotiations seemed to break down, House Speaker Nancy Pelosi struck a confident tone. So did Rep. Barney Frank, who threw in some of his patented sass: “Now that Sen. McCain is safely in Mississippi, we can get to serious work.”

House and Senate leaders have promised to keep working until agreement is reached, but there’s no telling when that might happen. Treasury Secretary Henry Paulson has already resorted to begging.

The Page:

REP. FRANK: Says he expects the Paulson plan, rather than the Republicans’ alternative, to remain the essence of the bill.

“We’re back on the progress track. Now that Sen. McCain is safely in Mississippi, we can get to serious work.”

Plus: ABC’s George Stephanopoulos reports Senate sources say a Senate vote on a bailout bill “unlikely” before Wednesday.

Read more

house.gov