Top Items:
Wall Street Journal:
Agreement Reached on Bailout Ahead of High-Level Meeting — Proposal Breaks $700 Billion Into Installments — A bipartisan group of House and Senate lawmakers left a two-hour-plus meeting in the U.S. Capitol on Thursday saying they have a “fundamental agreement” on a $700 billion plan to bail out U.S. financial markets.
Discussion:
The Hill's Blog Briefing Room, Wonkette, Salon, Gawker, Mish's Global Economic …, Law Blog, The Curious Capitalist and Danger Room
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Jonathan Martin / Jonathan Martin's Blogs:
McCain to do round of network interviews tonight — John McCain will appear on all three network newscasts tonight, a top aide said. — McCain is at the White House meeting with President Bush, Barack Obama and congressional leaders now and will tape interviews with NBC, ABC and CBS after the West Wing session.
Ryan Grim / The Crypt's Blogs:
Frank: Republicans “winced” when McCain was mentioned in meeting — Rep. Barney Frank (D-Mass.) said that “nobody mentioned McCain” during the several-hour-long meeting on the $700 billion market rescue plan, other than Frank and that his Republican colleagues “winced” when he did.
Jackie Kucinich / The Hill:
House GOP: We have leverage on bailout — House Republicans say they have significant leverage on the revamped bailout package, claiming that Democrats will scramble for votes unless they make changes to it. — Republicans in the lower chamber are balking at the bailout package …
Marc Ambinder:
Bailout Agreement Unraveling? — During the White House meeting, it appears that Sen. John McCain had an agenda. He brought up alternative proposals, surprising and angering Democrats. He did not, according to someone briefed on the meeting, provide specifics.
Nitya / Political Radar:
Bill Clinton: Don't ‘Overly Parse’ McCain Request to Delay Debate — ABC News' Nitya Venkataraman Reports: Former President Bill Clinton defended Sen. John McCain's request to delay the first presidential debate, saying McCain did it in “good faith” and pushed organizers to reserve …
David M. Herszenhorn / New York Times:
Lawmakers Seem Near Deal on Bailout — WASHINGTON — Lawmakers indicated Thursday that they were close to hashing out an agreement on a proposed $700 billion bailout of the financial system, hours before a meeting at the White House to complete the deal. — After Congressional staff members …
Discussion:
Threat Level, Press Association, Boston Globe, Salon, Serious Eats, TalkLeft, The Caucus, Economix, Truthdig, FT Alphaville, naked capitalism, The Hill, Concurring Opinions and Kevin Drum
Washington Post:
White House Meeting Fails to Yield Bailout Deal — Republicans Resist Agreement Met By House, Senate Negotiators — Top congressional leaders from both parties, including Democratic presidential candidate Barack Obama and Republican nominee John McCain, met with President Bush …
Scott Mayerowitz / ABCNEWS:
O'Neill: Bush Doesn't Understand Crisis, ‘It Shows’ — The President's Former Treasury Secretary Speaks Out About $700 Billion Bailout — ABC NEWS Business Unit — Former Treasury Secretary Paul O'Neill said today that our nation's leaders — especially President Bush — are “in a panic” …
David Rogers / The Politico:
Deal would phase in bailout funds — The leaders of House and Senate banking committees reached a bipartisan agreement Thursday on the framework for legislation authorizing Treasury's ambitious $700 billion rescue plan for the financial markets. — The final language of the bill must still …
Discussion:
Associated Press, I Am TRex, MyDD, Emptywheel, ECHIDNE OF THE SNAKES, Political Punch and Political Radar
Daniel W. Reilly / The Crypt's Blogs: Frank: 'I honestly don't know what House Republicans are going to do'
Bob Cusack / The Hill:McCain has not sponsored a banking bill this Congress
Discussion:
Comments from Left Field
Marc Ambinder:
Being Close To Russian Entails...... The next installment in Katie Couric's interview with Gov. Sarah Palin. — Watch CBS Videos Online — COURIC: You've cited Alaska's proximity to Russia as part of your foreign policy experience. What did you mean by that?
Discussion:
TalkLeft, Open Left, Associated Press, Jonathan Martin's Blogs, Liberal Values, MyDD, Donklephant, Taylor Marsh, Eunomia, Firedoglake and Comments from Left Field
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CBS News:
Palin On Foreign Policy — “Exclusive”: Katie Couric talks with Gov. Sarah Palin about her foreign policy experience and Alaska's proximity to Russia.
CBS News:
Exclusive: Palin On Foreign Policy — Katie Couric: As we stand before this august building and institution, what do you see as the role of the United States in the world? — Sarah Palin: I see the United States as being a force for good in the world. And as Ronald Reagan used to talk about …
Steve Benen / Washington Monthly:
PALIN'S UNIQUE SPIN ON THE BAILOUT.... When Sarah Palin sat down with ABC's Charlie Gibson a couple of weeks ago, it was a fairly dominant story. Palin's interview yesterday with CBS's Katie Couric is drawing significantly less attention, obviously because it's facing tougher competition from other news developments.
Peter Hamby / CNN:
Palin takes questions from press corps for first time — NEW YORK (CNN) — Sarah Palin took questions from her traveling press corps Thursday for the first time since being tapped as John McCain's running mate. — Speaking to a small pool of reporters following a visit to Ground Zero in lower Manhattan …
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The Huffington Post:
Obama Will Make Debate A Townhall If McCain Doesn't Show — UPDATE: An adviser Barack Obama says he expects John McCain to attend: … Barack Obama is committed to hosting a public, televised event Friday night in Mississippi even if John McCain does not show up, an official close to the Obama campaign tells the Huffington Post.
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Jonathan Martin / Jonathan Martin's Blogs:
Nope, nothing campaign-related here — McCain met with congressional leaders earlier today and has now returned to his Senate office. But it's increasingly implausible to think that what he's doing is anything different than he'd be doing on the campaign trail, except he's in person now instead of on his cell phone.
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Melanie Morgan:
Obama Campaign Supporters Meet With Iranian President — Digital Media has picked up the story here. — A founding member of the campaign of Democratic presidential nominee Sen. Barack Obama of Illinois met in New York City Wednesday night with Iranian President Mahmoud Ahmadinejad.
Discussion:
Hot Air
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Amanda Carpenter / Townhall.com:Code Pink Obama Bundler Meets With Ahmadinejad
Discussion:
Power Line
Faiz / Think Progress:
Sanders Schools Kudlow: 'You've Become A Socialist — Your Version Of Socialism Is To Bail Out The Rich' — Appearing on CNBC's Kudlow and Company on Tuesday night, Sen. Bernie Sanders (I-VT) dismantled host Larry Kudlow's proclaimed support for unfettered free market enterprise.
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