Top Items:
ABCNEWS:
Deal May Be Dead: Democrats Blaming McCain — Obama, McCain Leave White House Without Deal on $700 Billion Bailout — After days of bipartisan negotiations and meetings today at the White House, the deal to bail out staggered investment banks may be dying amid partisan finger-pointing.
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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.
New York Times:
Fate of Bailout Plan Remains Uncertain — WASHINGTON — The day began with an agreement that Washington hoped would end the financial crisis that has gripped the nation. It dissolved into a verbal brawl in the Cabinet Room of the White House, urgent warnings from the president and pleas …
Discussion:
Washington Monthly, Calculated Risk, Firedoglake, MoJoBlog, The Caucus, Corrente and ECHIDNE OF THE SNAKES
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.
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 …
Discussion:
Crooks and Liars, The Crypt's Blogs, The Corner, The Swamp, Swampland, Political Machine, Ben Smith's Blogs, Gawker and Hullabaloo
Marc Ambinder:
What Happened In The Cabinet Room... Though Sen. Chris Dodd implied that Sen. McCain sandbagged the rest of the negotiators by bringing up alternative proposals, McCain himself did not bring up those proposals, according to four independent sources briefed by four different principals inside the meeting …
Discussion:
New York Times, Firedoglake, The Moderate Voice, Hot Air, American Street, Associated Press, Commentary and Take Our Country Back
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:
CNNMoney.com, Political Punch, Wonkette, Gawker, Salon, Mish's Global Economic …, Law Blog and Danger Room
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:
CNN, The Swamp, The Corner, HousingPANIC, Outside The Beltway, NewsBusters.org, I Am TRex, MyDD, ECHIDNE OF THE SNAKES, Salon, Political Punch and Emptywheel
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.
Justin Fox / The Curious Capitalist:The Republican alternatives to the Paulson bailout
Discussion:
Economist's View
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?
RELATED:
CBS News:Palin On Foreign Policy
Discussion:
The Swamp, The Washington Independent, Washington Monthly, The Impolitic, Think Progress and The New Republic
Wall Street Journal:
J.P. Morgan to Take Over Faltering WaMu — U.S. Government Helps Broker a Deal to Dispose of Huge Thrift; Banking Giant Expected to Get Deposits, Branches — In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal …
RELATED:
New York Times:
Government Seizes WaMu and Sells Some Assets — Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history. — Regulators simultaneously brokered …
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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Nate Silver / FiveThirtyEight.com:
McCain Doubling Down on Debate? — A somewhat contrarian view: — I really can't imagine John McCain not attending the debate tomorrow. Although it's hard to know exactly how the spectacle would play out — Obama fielding questions from Jim Lehrer by himself? — as I opined last night …
Discussion:
First Draft
Marc Ambinder:
Palin On Foreign Policy, Nation Building, And Why She Disagrees With Kissinger — Here's an interesting exchange. Note that CBS verified Kissinger's position — that he favored diplomacy with Iran without preconditions, although not directly with Ahmadinejad.
RELATED:
Alessandra Stanley / New York Times:A Question Reprised, but the Words Come None Too Easily for Palin
Washington Post:
Palin Accepted $25,000 in Gifts, Alaska Records Show — Alaska Gov. Sarah Palin, who has made a crackdown on gift-giving to state officials a centerpiece of her ethics reform agenda, has accepted gifts valued at $25,367 from industry executives, municipalities and a cultural center whose …
MSNBC:
The ‘lost’ Palin files — When federal judges in San Francisco ruled in 2002 that reciting the Pledge of Allegiance in public schools was unconstitutional because it included the phrase “under God,” Sarah Palin was not amused. Palin, who at the time was Mayor of Wasilla, Alaska …
Discussion:
The Corner
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 …
Discussion:
New York Times, Washington Wire, Political Radar, Wonkette, The Reaction and The Crypt's Blogs
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