Word: pelosi
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...buying and selling of Wall Street's toxic mortgage-backed securities? In the simplest terms, it was House Minority Leader John Boehner's surprising declaration at the White House meeting that his caucus does not support the deal and that alternatives should be considered. House Speaker Nancy Pelosi has demanded that Boehner get at least half of his caucus - or 100 members - to vote for the legislation so that Democrats are not left passing this still very unpopular bill by themselves less than two months before the election. Boehner simply doesn't have the votes and nothing that President Bush...
...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...
...talks Friday: Minority Whip Roy Blunt. As the Republicans' chief vote-counter in the House, Blunt comes to the table with a keen sense of what will and what won't pass muster with Republican members. Shortly before the talks resumed, House Minority Leader John Boehner sent Pelosi a letter making it clear that his members will not back down from their insistence that the proposal undergo a major redesign. "If such consideration is not given, a large majority of Republicans cannot - and will not - support Sec. Paulson's plan," Boehner wrote. "In the interest of the men and women...
...hybrid approach and would prefer to offer insurance as just one of several tools open to Paulson, but not mandate that he use it. "I do not see why the secretary cannot accept some of those (insurance and/or loan provisions) among the options he has to choose from," Pelosi said. Congressional officials believe they have until Monday morning to come up with a package. Congress is preparing to work into the weekend with the aim of passing something by the end of Sunday, or at least having the deal locked down and then holding a vote Wednesday after the Jewish...
...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 legislation," she said...