McCain trying to restart bailout talks

WASHINGTON (AP) -- John McCain is back on Capitol Hill Friday, where he's already met with House and Senate Republican leaders.

This, after Democrats put responsibility on him and President Bush for getting House Republicans back into negotiations for a massive government bailout for Wall Street.

The Arizona senator took part in a meeting with Barack Obama and congressional leaders late yesterday that Bush hosted at the White House. Participants says the talks descended into arguments.

House Financial Services Committee Chairman Barney Frank says a deal will depend on House Republicans dropping what he calls "this revolt" against President Bush.

Alabama Republican Senator Richard Shelby says many GOP lawmakers don't like the 700-billion-dollar proposal. He tells CBS the plan is "badly structured" and "does nothing" for stressed mortgage payers.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 29799339 -
Gray Television, Inc.