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9:00 PM ET, September 25, 2008

memeorandum

 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.
RELATED:
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.
Discussion: TalkLeft, The Corner and Salon
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 …
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” …
Discussion: Think Progress and Hot Air
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 …
Daniel W. Reilly / The Crypt's Blogs:   Frank: 'I honestly don't know what House Republicans are going to do'
Marc Ambinder:
What Happened In The Cabinet Room...
Discussion: Hot Air
Frank James / The Swamp:
Obama picks Stones over Beatles
Bob Cusack / The Hill:
McCain has not sponsored a banking bill this Congress
Jennifer Loven / Associated Press:
Tentative meltdown deal: Bush, McCain, Obama meet
Mark Finkelstein / NewsBusters.org:
Schieffer: Paulson Pleaded for McCain to Save Bailout
Natalie Gewargis / Political Punch:
McCain Campaign Staffer to Attend White House Meeting*
Discussion: The Huffington Post and Salon
Washington Post:
McCain Stops at Senate en Route to White House
Discussion: Marc Ambinder and Reuters
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:
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.
Jason Zengerle / The New Republic:
A Semi-Defense of Sarah Palin
Discussion: Matthew Yglesias
Christine Lagorio / CBS News:
New Sarah Palin Clip: Keeping An Eye On Putin
Discussion: TalkLeft and Washington Wire
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 …
RELATED:
Kenneth P. Vogel / The Politico:
In a first, Palin takes press questions
Discussion: The New Republic and Donklephant
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.
RELATED:
Liz Sidoti / Associated Press:   No change yet in McCain debate status
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.
RELATED:
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
RELATED:
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.
Discussion: Daily Kos and fednews.com
 
 
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 More Items: 
Confederate Yankee:
Alien Obama  —  Professor David Demming lets cultural incongruity …
Byron York / The Corner:
The Debate Dance  —  For most of today, I've thought that the debate …
Discussion: Commentary
Real Time Economics:
Text of Lawmakers' Agreement on Principles
Discussion: Conglomerate and Balkinization
Brandon Friedman / VetVoice:
Sarah Palin Links Iraq to 9/11
Discussion: Pam's House Blend
Megan McArdle:
How do we know something bad is going to happen?
Andrew Sullivan / The Daily Dish:
Palin On Russia  —  All you can say is: unbelievable.  Except it's true.
Discussion: MoJoBlog
 Earlier Items: 
Daniel W. Reilly / The Politico:
Reid: ‘No excuse’ for McCain
Charlotte Bailey / Telegraph:
Hugh Hefner to sack Playboy bunnies amid financial crisis
Discussion: Gawker and Jules Crittenden
United States Senator:
REID TO RENEW OIL SHALE BAN, DENY AMERICANS VAST ENERGY RESOURCES …
Jonathan Martin / Jonathan Martin's Blogs:
What liberals are up in arms about this morning
Discussion: The New Republic
Chicago Sun Times:
Obama grant being probed
Discussion: Commentary, Townhall.com and Hot Air
Josh Wolk / EW.com:
Jon Stewart and Stephen Colbert: Mock the Vote
Discussion: Political Radar and culturekitchen