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."
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.
Your support matters…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.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.