The End of The Bailout Drama (Hopefully)
Here’s my take of the passage of the bailout bill. Everyone, have a great weekend. JNS
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The Latest on the Bailout
Anyone have that sense of deja vu? We’re into the final debate and we’ve been here before (Monday). But coming from the last votes in the Speaker’s Lobby, there seems to be a decent number of folks who have switched over. John Shadegg, Jim Ramstad and Zach Wamp said yesterday they’re for it. I spoke with Sue Myrick and Michael Conaway …
No Bailout Vote Tomorrow?
A senior Democrat House aide in a position to know tells me they are still short on GOP votes on the bailout, er, rescue plan. Unless more names of Republicans committed to switching their votes are produced by tomorrow the vote will be postponed till the weekend to give Bush and the GOP more time to convince their members to vote for …
The Latest on the Bailout
Here’s the latest from me. John Shadegg’s support should help shore support on the GOP side, but what remains a question is if Pelosi’s center flank, the Blue Dogs, will balk. At least 24 of the 44 Blue Dogs that voted for the bailout bill have previously voted against the tax extenders. A second attempt at a vote is expected Friday in …
Bailout Second Thoughts
Here’s the latest from me on the financial crisis. An interesting aside: both Gallegly and Murphy were angry at the role politics, particularly presidential politics, played in process so far. When asked if they meant John McCain’s involvement, both were quick to praise McCain for standing up for House Republicans. But nor were …
Senate to Vote on Bailout Wednesday
Looks like the Senate got sick of waiting for the House to get its act together. From Harry Reid’s office:
Senate Majority Leader Harry Reid tonight announced a unanimous consent agreement to move forward on legislation to stabilize the economy, provide middle class tax relief, create jobs, and invest in alternative energy. Tomorrow
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Write Your Rep?
First there were hundreds of calls. Now sources tell me that the House website has been crashing since yesterday afternoon as groups from the left and right have launched “write your rep” campaigns opposing the bill while business groups have started similar pushes to support the measure. Just in case there’s a member left with no …
Bailout: What Happened
Here’s what happened and the latest on the talks, or rather lack thereof. I’m starting to feel like we’re in a Royal Bank of Scotland commercial, only there’s no one who actually saves the day. And, of course, RBS’s plate is full right now.
Inside Today’s House GOP Vote on the Bailout
Here’s the latest from a looong weekend of talks. The bill is expected to pass the House today and could pass the Senate as well, though they’re racing against the Jewish Holidays, which start at sundown. If they don’t make it, final passage will likely come Wednesday.
The House vote will be a bit of a nail bite. Though, with the …
Self-Fulfilling Prophecy
Congress is now racing against the clock. The deadline? The opening bell at 9:30am Monday morning. Many members have lamented that Paulson and Bernanke’s warnings of doom-and-gloom are self-fulfilling prophecies: there is little chance that a collapse wouldn’t happen in Congress doesn’t pass something. Here’s the latest from me …
Why the GOP Needed McCain Back
This morning you would’ve been hard pressed to find a Republican member of Congress supporting the bail out despite five days of heavy pressure from the likes of Dick Cheney, Henry Paulson, Jim Nussle and Josh Bolten. The caucus was in a virtual revolt over being forced to vote for a bill that pretty much stands against much of their own …
McCain to DC
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.
Bail Out Odds and Ends
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, …