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...McCain campaign vehemently denies that Davis was doing any kind of negotiating. "It is not a legal problem for Sen. McCain to ask campaign aides for advice or to go to the Hill... Rick was there, he was not negotiating. He was there gathering information." The aide added that all decisions remain with McCain and his senate staff. "Our counsel blessed him going to the hill." The campaign also pointed out that Obama's campaign spokesperson Robert Gibbs was giving statements to reporters at the Capitol Thursday, though there is no evidence that Gibbs or any other top-level Obama...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...specter of the campaign hanging over the high stakes talks on Capitol Hill only makes Wall Street more nervous that a deal will be hard to come...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...fact that McCain's campaign manager Rick Davis had been actively meeting with House Republican leaders on Thursday, even as McCain had claimed to have suspended his campaign to help work out a deal. Obama campaign adviser Anita Dunn says they had no campaign staffers on the Hill Thursday night, with the possible exception of Phil Schiliro, the campaign's congressional liaison. "If they're trying to say this isn't about politics, then why did he have his campaign manager up there negotiating?" Though there is no suggestion that anything Davis was doing was illegal or unethical, one Republican...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...urgency with which they were being called upon to act in the face of what the Bush Administration was warning is an imminent threat. "It's not like our guys are saying, 'We really want to pass this bill.' We've seen this before," noted one Democratic Capitol Hill veteran, alluding to the run-up to the Iraq war. "We found the weapons of mass destruction. They're at Wash Mutual...

Author: /time Magazine | Title: Can Congress Build a Better Bailout? | 9/26/2008 | See Source »

...another morning of high-stakes political theater in Washington. President Bush made an unusual, market-calming appearance in the Rose Garden just after 9.30 a.m. to reassure the nation that all parties were seeking a speedy solution to the bailout stalemate. Negotiations continued at the staff level on Capitol Hill this morning. In general, House Republicans continue to object on free market grounds to the President's bailout plan, while Senate Republicans, as well as Democrats in both houses, have been more supportive. Democratic leaders have been reluctant to move the measure through either the Senate or the House without...

Author: /time Magazine | Title: Still No Bailout Deal, But McCain Resumes Campaign | 9/26/2008 | See Source »

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