Word: bille
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...said Representative Boehner, the conservative Republican whose objections sent negotiators back to the drawing board on Thursday, but who endorsed the agreement announced on Sunday. "I've got to tell you, my colleagues are angry about the situation they find themselves in. Nobody wants to have to support this bill...
...Barack Obama seemed at least a little more upbeat. In a statement, he noted that all four principles he laid out last week - increased oversight, taxpayer protections, a provision limiting golden parachutes and measures to help homeowners - were included in the bill. But he added, "When taxpayers are asked to take such an extraordinary step because of the irresponsibility of a relative few, it is not a cause for celebration...
...Sunday it was hard to find anyone willing to take credit for the agreement. "This is the Administration's problem," House Speaker Nancy Pelosi told reporters. "They sent us their bill. We did the best we can to improve...
...page bill gives Paulson the $700 billion he requested in a three-page proposal 10 days ago but divvies the money up: $250 billion immediately, with another $100 billion upon request of the President. The rest, if and when it is needed, will require the approval of Congress. And the money comes with strings. Paulson must report back to Congress more often and transactions must be posted online within two days. The House is expected to take up the bill on Monday and the Senate aims to pass it by Wednesday...
...comparison, wrangling a few politically terrified congressmen should have been child's play. The bill tracks the basics of what he asked for over a week ago. He gets $700 billion, albeit in pieces over time, and he gets to decide exactly how he wants to purge the market of the bad loans that are paralyzing the financial system...