Word: speakered
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...Sunday it was hard to find anyone willing to take credit for the agreement. "This is the Administration's problem," House Speaker Nancy Pelosi told reporters. "They sent us their bill. We did the best we can to improve...
...surprisingly, given the market's quick negative response and the general atmosphere that pervades Washington, both sides were quick to point fingers. House Republicans charged to the microphones to blame Speaker Nancy Pelosi for the defeat, saying that at least a dozen of their members switched their votes because they were offended by the partisanship of a speech she gave on the House floor. Democrats scoffed at that excuse. "Think of this: Somebody hurt my feelings, so I am going to punish the country," said House Banking Committee chairman Barney Frank, a Massachusetts Democrat who had been...
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...
...midnight last night, Pelosi suggested that the bailout deal guarantee that taxpayers recoup from financial firms any part of the $700 billion not paid back through the Treasury Department's reselling of the bad loans. "That was the last remaining issue and it was only decided after the Speaker's direct involvement," said one Democratic aide. How financial firms would be forced to pick up that tab, however, is not clear...
...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...