www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Urgent work on $700b bailout plan appears to stall
(Agencies)
Updated: 2008-09-26 09:46

WASHINGTON - Urgent efforts to lash together a $700 billion rescue plan for the national economy appeared to be stalling Thursday night, hours after key lawmakers had declared they had reached a deal.

Weary congressional negotiators hurried back to work, joined by Treasury Secretary Henry Paulson in an effort to revive or rework the proposal that President Bush said must be quickly approved by Congress to stave off economic disaster. Congressional leaders said Federal Reserve Chairman Ben Bernanke might come to Capitol Hill, too, if enough progress was made.


US President George W. Bush (L) makes remarks during a meeting with members of congress including the Presidential candidate Barack Obama (R) in the Cabinet Room at the WHouse in Washington, DC. [Agencies] 

The meetings were to continue into the night.

After six days of intensive talks on the unprecedented package proposed by the Bush administration, with Wall Street tottering and presidential politics intruding six weeks before the election, there was more confusion than clarity.

Related readings:
 Wall Street jumps on bailout hopes, credit remains tight
 Bush sets meeting to discuss bailout
 Tentative meltdown deal: Bush, McCain, Obama meet

The day's earlier apparent breakthrough, announced with fanfare at midday, was followed by a White House summit bringing together President Bush, presidential contenders John McCain and Barack Obama, and top congressional leaders. But that meeting, aimed at showing unity in resolving a national financial crisis, broke up with conflicts in plain view.

Inside the session, House Republican leader John Boehner expressed misgivings about the emerging plan and McCain would not commit to supporting it, said people from both parties who were briefed on the exchange. They spoke on condition of anonymity because the session was private.

The earlier agreement by key members of Congress from both parties — but not top leaders — would have given the Bush administration just a fraction of the money it wanted up front, subjecting half the $700 billion total to a congressional veto.

But conservatives were still in revolt, balking at the astonishing price tag of the proposal and the hand of government that it would place on private markets.

Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, emerged from the White House meeting to say the announced agreement "is obviously no agreement."

One group of House GOP lawmakers circulated an alternative that would put much less focus on a government takeover of failing institutions' sour assets. This proposal would have the government provide insurance to companies that agree to hold frozen assets, rather than have the U.S. purchase the assets.

Rep Eric Cantor, R-Va., said the idea would be to remove the burden of the bailout from taxpayers and place it, over time, on Wall Street instead. The price tag of the administration's plan to bail out tottering financial institutions — and the federal intrusion into private business matters — have been major sticking points for many Republican lawmakers.

There is wide agreement the US economy is in peril, with financial institutions going under or near the edge and recession looming along with the resulting layoffs and increased home foreclosures.

There had been hopes for broad agreement, too, on a prescription by now, with a confident White House announcement by the president, McCain, Obama and congressional leaders.

But the best Senate Republican leader Mitch McConnell would say afterward was, "It's clear that more progress is needed and we must continue to work together quickly to protect our economy."

Democrat Obama and Republican McCain, who have both sought to distance themselves from the unpopular Bush, sat down with the president at the White House for an hourlong afternoon session that was striking in this brutally partisan season — but also, according to one participant, "a full-throated discussion." By also including Congress' Democratic and Republican leaders, the meeting gathered nearly all Washington's political power structure at one long table in a small West Wing room.

"All of us around the table ... know we've got to get something done as quickly as possible," Bush told reporters, brought in for only the start of the meeting. Obama and McCain were at distant ends of the oval table, not even in each other's sight lines. Bush, playing host in the middle, was flanked by Congress' two Democratic leaders, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid.

McCain and Obama later said they both still expected an agreement could be reached.

Under the accord announced hours earlier among key lawmakers, the Treasury secretary would get $250 billion immediately and could have an additional $100 billion if he certified it was needed, an approach designed to give lawmakers a stronger hand in controlling the unprecedented rescue. The government would take equity in companies helped by the bailout and put rules in place to limit excessive compensation of their executives, according to a draft of the outline obtained by The Associated Press.

As negotiations continued Thursday night, Michele Davis, the chief Treasury spokeswoman said, "There are still open issues to be resolved, and we are committed to resolving them."

The plan's centerpiece still is for the government to buy the toxic, mortgage-based assets of shaky financial institutions in a bid to keep them from going under and setting off a cascade of ruinous events, including wiped-out retirement savings, rising home foreclosures, closed businesses, and lost jobs.

Layered over the White House meeting was a complicated web of potential political benefits and consequences for both Obama and McCain.

McCain hoped voters would believe that he rose above politics to wade into successful, nitty-gritty dealmaking at a time of urgent crisis, but he risked being seen instead as either overly impulsive or politically craven, or both. Obama saw a chance to appear presidential and fit for duty, but was also caught off guard strategically by McCain's surprising gamble in saying he was suspending his campaigning and asking to delay Friday night's debate to focus on the crisis.

 

主站蜘蛛池模板: 世界一级毛片 | 国内国产真实露脸对白 | 偷自拍| 特级aaa片毛片免费观看 | 国产l精品国产亚洲区久久 国产tv在线 | 国产成人久久精品麻豆二区 | 欧美日韩国产亚洲综合不卡 | 久久国产亚洲精品 | 日本特一级毛片免费视频 | 成人免费毛片观看 | 一区二区三区高清视频在线观看 | 99久久免费看国产精品 | 日韩中文字幕网 | 国产成人午夜福在线观看 | 日韩精品亚洲人成在线观看 | 国产一在线精品一区在线观看 | 一区二区三区在线视频观看 | 色综合久久综合 | 黄色影院在线 | 中文字幕亚洲在线 | 最爽的乱淫片免费 | 日韩毛片欧美一级a | 久久国产欧美日韩高清专区 | 日本韩经典三级在线播放 | 亚洲三级黄 | 国产综合精品在线 | 日韩美视频网站 | 91资源在线观看 | 免费视频网站一级人爱视频 | 国产在线欧美日韩精品一区二区 | 精品久久香蕉国产线看观看亚洲 | 成人午夜在线播放 | 中文字幕中文字幕中中文 | 黄色天堂在线 | 国产伦子伦视频免费 | 中文字幕日韩欧美一区二区三区 | 国产精品免费一区二区三区四区 | 亚洲视频 欧美视频 | 国产乱码一区二区三区四 | 亚洲精品一区二区不卡 | 欧美二级在线观看免费 |