Breaking news from Reuters: McCain says he will suspend campaign to return to Washingon Thursday to help with bailout negotiations, asks that Friday debate with Obama be postponed so bailout negotiations can continue.
Some odds and ends floating around the Hill today. First, read along as our brave colleague Barbara Kiviat liveblogs Paulson and Bernanke’s hearing with the House Banking Committee today. Second, the House GOP is seriously balking at the bail out and without them it’s going to be very tough getting anything through. As Tom Cole, [...]
In a stunning reversal, Treasury Secretary Hank Paulson just said he will ask Congress to prop up faltering federal lenders Fannie Mae and Freddie Mac, both of which have lost more than 80% of their stock values in the last year as the subprime crisis has deepened, threatening pension funds and other institutional investors in [...]
