Thursday, September 25, 2008

Bailout Talks Go On Amid Presidential Scuffle

Bailout Talks Go On Amid Presidential Scuffle
Dems Rip McCain, McCain Rips Obama as Leaders Try to Revive $700B Bailout
ABC News

Members of Congress and Treasury Secretary Henry Paulson returned at the Capitol tonight to try to revive a $700 billion bailout plan that became the focus of partisan finger pointing and attacks on the presidential nominees after a meeting today at the White House.
Result of bipartisan meeting on bailout seems intensified partisan infighting.

Senate Majority Leader Harry Reid said bipartisan negotiators at an 8 p.m. ET session at the Capitol were trying to "put this train back on the tracks." The meeting broke up after 10 p.m. with no agreement

Reid continued to cast blame on Republicans, and specifically Republican presidential nominee Sen. John McCain, R-Ariz.

Reid said McCain was "not helpful" by suspending his campaign and heading to Washington, claiming it was difficult to "understand what John McCain said at the [White House] meeting." He said McCain spoke last and only for several moments, and did not contribute anything.

"McCain only hurt this process," Reid said.

Asked if McCain expressed interest in taking part in negotiations on Capitol Hill, Reid said, "No."

Soon after Reid's attack, which followed another blast at McCain by House Financial Services Chairman Barney Frank, D-Mass., the McCain campaign suggested Democratic presidential nominee Sen. Barack Obama, D-Ill., was at fault.

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Bailout Talks Go On Amid Presidential Scuffle

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