“Now that we are on the verge of making a deal, John McCain airdrops himself in to help us make a deal,” said Representative Barney Frank,
of Massachusetts and chairman of the House Financial Services
Committee. “Frankly, we are going to have to interrupt a negotiating
session tomorrow between Democrats and Republicans on a bill where I
think we are getting pretty close to troop down to the White House for
a photo op.”
WASHINGTON – Warned that time was running short to bolster the
distressed economy, congressional Republicans and Democrats reported
agreement in principle Thursday on a $700 billion bailout of the
financial industry, and said they would present it to the Bush administration in hopes of a vote within days.
Emerging from a two-hour negotiating session, Sen. Chris Dodd, D-Conn., said, "We are very confident that we can act expeditiously."
The bipartisan consensus on the general direction of the legislation was reported just hours before President Bush was to host and John McCain and congressional leaders at the White House for discussions on how to clear obstacles to the unpopular rescue plan.
Sooo, we can haz debate????