Wed, Oct 01, 2008 - Page 7 News List

House deals death blow to bailout bill

BLAME GAME Only moments after Democratic and Republican leaders called on their members to back the bill, fuming lawmakers were sniping at one another

AFP , WASHINGTON

Senior Democrats vowed they would not leave town for their election break before passing a replacement rescue bill.

On the Senate side, Democrat Chris Dodd and Republican Judd Gregg, prime movers behind the initial bailout agreement, said they would follow suit.

“Stay tuned,” Pelosi told reporters. “What happened today cannot stand — we must move forward, and I hope that the markets will take that message.”

“The American people [need] to know that we are here to protect the taxpayer as we stabilize the markets, and our work will not be finished until that is done,” she said.

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