The Man With the Golden Portfolio
As the Wall Street bailout bill went down to defeat and the stock market nosedived on Monday, it must have been good to be Rep. Ron Paul.
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Heard on the Hill: Warner’s Roving Eye
</p> HOH has heard the gripes from exhausted Capitol Hill staffers who worked over the weekend on the now-defeated bailout bill.
Tax Extenders Blocked in Senate
</p> Reid said that the Amtrak bill will be up for a vote at approximately 12:30 this afternoon.
House Rejects Wall Street Bailout
</p> The bill was crafted over the weekend by a bipartisan group of House and Senate negotiators.
Holtz-Eakin: McCain Tried to Forge Bipartisan Compromise
</p> He also defended McCains actions during the past several days especially during a tense White House meeting on the bailout bill last Thursday.
Senate Leaders Vow to Keep Trying
</p> Senate Banking, Housing and Urban Affairs Chairman Chris Dodd (D-Conn.) and Gregg said they were unlikely to try to tinker much with the bill and would keep the framework they built this weekend
Bailout Vote Slows House Computer Systems
As Members voted on the bailout bill Monday, constituents rushed to House Web sites clogging servers and slowing down access.
Conservatives Come Out Strong Against Bailout Bill
. </p> Financial Services Chairman Barney Frank (D-Mass.) warned Members that not passing the bill could have dire consequences.
McConnell Wants Bailout Vote Tonight
</p> After the Senate voted Monday afternoon to move forward on the Amtrak bill, McConnell repeatedly questioned Reid on when the Senate would move to the rescue plan.
Senate Awaits Next House Step
</p> Majority Leader Harry Reid (D-Nev.) indicated he believed Republicans will bear the brunt of the political blame for the failure of the bill in the House.
Bachmann Inadvertently Knocks Down GOP Explanation
. </p> Bachmann was responding to comments Democratic leaders made dismissing the GOP leaders claims.
Bush Urges Passage
</p> Now that this legislation has been agreed to by leaders of both parties, it must be passed by both houses of Congress, Bush said.
White House Touts Core of Plan
Despite the Houses rejection of the financial system bailout bill, the White House is continuing to insist that the central elements of the legislation featuring a $700 billion fund to buy up bad mortgages
Boehner Makes Last-Minute Plea
House Minority Leader John Boehner (R-Ohio) made a last-minute plea to Members to vote for the $700 billion bailout bill, saying the likelihood of it passing is in serious doubt. </p> Nobody wants
Hoyer Says Tax Extenders Imperiled
</p> Theres not an intention to do that, Hoyer said, urging the Senate to pass the House bill.
Finger-Pointing Starts
House GOP leaders are blaming a floor speech by Speaker Nancy Pelosi (D-Calif.) as the reason that some Republicans voted against the $700 billion bailout bill.
Attorneys Spar in Stevens Case
</p> The governments decision to withhold this information has prejudiced the defense.
Stevens Judge Rejects Mistrial Motion
</p> The governments decision to withhold this information has prejudiced the defense.
Allen to Appear Tuesday at Stevens Trial
Ted Stevens (R-Alaska) is expected to take the witness stand Tuesday, when former VECO executive Bill Allen is set to testify.
House, Senate Eyeing Adjournment
</p> It remains unclear when the bailout bill will reach the House and Senate floors. The House is likely to take it up first, probably on Monday.