Word: plan
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Around 12:30 a.m. Sunday morning, House Speaker Nancy Pelosi announced the fundamentals of a deal between House and Senate leaders and Treasury Secretary Henry Paulson to stave off financial collapse on Wall Street after a week of frenzied Hill wrangling. Declaring the $700 billion bailout plan "a way to insulate Main Street and everyday Americans from the crisis on Wall Street," Pelosi unveiled the deal with House Republican Whip Roy Blunt and the ranking Republican from the Senate banking committee, Judd Gregg, as well as Paulson and other Democratic leaders...
...apparently left the impression he agreed with the recalcitraint Republicans. Sarah Palin had told Katie Couric that failing to take action could create another Great Depression - alas, you missed a great interview, which you can catch up on here - but McCain had never committed to support the Administration's plan. When asked, he had claimed he hadn't read it, even though it was only a few pages long...
...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...
...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 Republican support, fearing a one-sided backlash at the polls in November...
...Education Institute, says he can't think of one recent black politician whose candidacy has been seriously affected by Klan opposition. "They haven't been a significant factor for many years in American politics," he says, calling the White Knights' announcement a "publicity stunt." And many students say the plan for "invisibility" makes the Klan seem weak, not intimidating, and insist that no one on campus has any interest in entertaining the group's views. "Take our indifference," the Daily Mississippian's editorial board wrote in an open letter to the Klan on Sept. 16, "as the ultimate symbol...