Emerging from a two-hour negotiating session,
"I now expect that we will indeed have a plan that can pass the House, pass the
The bipartisan consensus on the general direction of the legislation was reported just hours before President
"We'll want to hear from (Treasury) Secretary (Henry) Paulson, and take a look at the details. We look forward to a good discussion at the meeting this afternoon," he said.
Key lawmakers in
"There really isn't much of a deadlock to break," said
But there were fresh signs of trouble in the House Republican Caucus. A group of
Under the proposal, the government would provide insurance to companies that agree to buy frozen assets, rather than purchase them directly as envisioned under the
"The taxpayers haven't done anything wrong," said
"There was progress today," said
The core of the plan envisions the government buying up sour assets of shaky financial firms in a bid to keep them from going under and to stave off a potentially severe recession.
It was not yet clear how lawmakers had resolved lingering differences over how to phase in the eye-popping cost -- a measure demanded by
"Without immediate action by
Presidential politics intruded, nonetheless, when
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The Nazis, Fascists and Communists were political parties before they became enemies of liberty and mass murderers.