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McCain should have stuck to his commitment to debate Obama and help Americans make an informed decision in November—not jumped into a delicate political entanglement in Washington. His ploy—which will only throw Capitol Hill into chaos and disrupt both parties’ election process—does little to put “country first.” We can only hope that Americans will see through these shenanigans for the sorry stunt they...

Author: By The Crimson Staff | Title: Campaign First | 9/26/2008 | See Source »

John McCain arrived on Capitol Hill early Thursday afternoon just as a bipartisan group of senators and representatives were announcing they had reached an agreement on the broad outlines of a bill to bail out Wall Street. For a moment, as the press conference broke up, members of the media traveling with McCain mingled with reporters covering the Hill. "Wait, there's a deal?" one surprised McCain reporter asked his congressional colleague...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...players at this point are House Republicans - a group that normally is all but irrelevant on Capitol Hill. Speaker Nancy Pelosi - mindful of the electoral disaster that befell her party after it passed Bill Clinton's controversial budget plan in 1993 without any GOP votes - has said she will not bring any markets stabilization package to the floor without a majority of House Republicans on board. With constituent telephone calls to congressional offices running 100 to 1 against the proposed $700 billion Bush Administration bailout plan, the last thing Pelosi wants to do is force her own members to walk...

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

...Earlier in the day some on Capitol Hill had speculated that the Democrats might try to go ahead, with their Senate Republican colleagues, to pass the plan without the support of most if not all House Republicans; there was even talk that they might include it as part of a continuing budget resolution to keep the federal government going that House Republicans would have a hard time voting against. But Pelosi made clear Friday afternoon that that was not a viable option: "We don't have the votes to do thatl that is our members have some reluctance on this...

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

...Even as they prepared for their debate, both McCain and Obama stressed that they would be returning to Washington over the weekend to participate in the negotiations. Whether that will help or hurt progress depends on which party you ask. House Republicans Friday hailed McCain's leadership on Capitol Hill, arguing he had given them a voice after they had been all but ignored in the horsetrading earlier in the week. "McCain came into town and the message there that House Republicans are relevant, we're not going to roll the House Republicans, we're not going to gang...

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

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