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FinancialMarkets
Analysis: Democrats Could Have Passed Bailout
By Mark Impomeni - Politics DailyNow that the financial markets bailout plan has failed to pass the House, at least for the time being, both sides are settling down to place blame for the failure. Democrats were quick to blame House Republicans for not bringing enough of their members along to vote for the bill. Republicans counter that as the majority party, Democrats can pass any bill they want without even a single Republican vote. So who is right? The time line of the negotiations favors the Republican version of events.Early last week, House Speaker Nancy Pelosi (D-CA) made it clear that there would be no bailout bill ...
House GOP Balks at Bailout
By Mark Impomeni - Politics DailyConservative Republicans in the House are holding firm against the financial sector bailout as it is currently envisioned by Congressional Democrats and the White House. House Minority Leader John Boehner (R-OH) said earlier today that House Republicans had not been part of any agreement that Democrats may have thought they reached on the plan. Republican support is key to the passage of any plan because House Speaker Nancy Pelosi (D-CA) has made it clear that no plan will be brought to a vote in the House without majority Republican support. In other words, House Democrats don't want to own ...
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