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Thursday, September 25, 2008

Democrats claim Wall St. bailout breakthrough

Funny, they did it without the help of John McCain suspending his campaign, which he doesn't do until tomorrow anyway (yes, as Joe noted previously, the crisis was so grave that McCain was continuing to politic today and wasn't going to suspend his campaign until tomorrow). From Reuters:

Democratic Rep. Barney Frank said on Wednesday Democrats had reached an agreement to stem one of the worst U.S. financial disasters in decades, and that there would be enough votes to pass the measure and send it to President George W. Bush to sign into law.

"We now have between House and Senate Democrats an agreement on what we think should be in the bill, and we have a meeting scheduled at 10 a.m. tomorrow to meet with the Republicans," said Frank, chairman of the House of Representatives Financial Services Committee....

Frank took a dig at Republican presidential nominee John McCain, who interrupted his campaign to return to Washington on Thursday to help work on a Wall Street bailout.

"All of sudden, now that we are on the verge of making a deal, John McCain here drops himself in to help us make a deal, Frank said.

He expressed fear that McCain, a U.S. senator from Arizona who has spent much of the year away from the Capitol campaigning, could end up slowing down work on the bill.

The Massachusetts Democrat noted that a meeting on Capitol Hill on Thursday will be interrupted for a "photo op" at the White House with congressional Democrats and Republicans as well as Bush.

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