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...House Republicans haven't been dissuaded yet, however, and they added a new high-ranking negotiator to the 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...

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 »

...Boehner, who got a standing ovation from his caucus Friday morning, wanted to slow down the process so that McCain could take credit for bringing all sides together. Such suspicions were further fueled by the 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...

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

...that John McCain has committed to turning up, he and Barack Obama will take the stage tonight with their rhetoric and demeanor set to a specific temperature. "Do you want a hot debate or a cold debate?" asks Stuart Stevens, a Republican media consultant, author and screenwriter who helped prep George W. Bush for his encounters with Al Gore in 2000. "You have to decide...

Author: /time Magazine | Title: The Debate Is On — And So Is the Strategizing | 9/26/2008 | See Source »

...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 Republican support, fearing a one-sided...

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

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