White House Predicts Deal by "Opening Bell" Monday

White House press secretary Dana Perino said President Bush and his aides have been in close consultation with congressional leaders today, and predicted that a final deal was possible by "the opening bell on Monday." She also suggested that the administration was open to further compromises, but she declined to discuss specifics.

Perino said any final proposal would be subject to the question, "Does this legislation do what needs to be done in order to save the economy?"

Perino played down assertions that Thursday's White House meeting was central to the breakdown in negotiations. "I would disagree that it fell apart at the White House," she said.

"I would say the meeting was very constructive for the large majority of it," Perino said. "...Yesterday afternoon was a good moment for them to vent their frustrations as well, if they had them."

UPDATE 12:37 p.m.

White House press secretary Dana Perino, who attended the Thursday negotiations meeting, appeared to disagree with Republican presidential candidate Sen. John McCain's contention that Democratic presidential candidate Sen. Barack Obama was engaged in "political posturing" during the discussion.

"I think everybody there was constructive and focused on finding a solution," Perino said.

--Dan Eggen

September 26, 2008; 11:53 AM ET  | Category:  business
Previous: Dems Blast McCain, House GOP for Stalling Bill | Next: Frank: Deal Only 'Few Days' Away

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"Perino would have been more convincing if she had been more "clear" of "where" the breakdown of negotiations occured. Senator Dodd said he and the collective Democratic/Republican leadership were close to an agreement after "seven intense days". " Then McCain comes and upsets the "applecart" by disturbing the "House GOP enough for them to "walk out on the talks." McCain thought that he was there to "save the day" but made a bad situation worse." "I am thankful for the honorable Democrat and Republican leaders (serving our country) recovered from the setback and sent McCain packing to Mississippi

Posted by: lanlysh55 | September 26, 2008 12:11 PM

All the politicians are supposedly for the little man but they have failed to increase the FDIC limit on deposits! The $100,000 limit has not been indexed for inflation. Why is a increase in the limit not part of the bail-out package?

Posted by: rdp | September 26, 2008 12:26 PM

Sure it will get done, Senator McCain is on his way back to save the day after the debate, fists on his hips with his cape blowing in the breeze. God knows the other 534 members of congress can't do it without him.

Posted by: tom cassidy | September 26, 2008 12:37 PM

The Senate is debating
“The bill is H.R. 7060. Renewable Energy and Job Creation Tax Act of 2008”

Republican Senators have threatened to Kill the bill if it’s reduces Tax Breaks for Big Oil.

“The House bill is paid for by limiting tax breaks available to the oil and gas industry and closing loopholes that hedge fund managers and corporations use in paying taxes on overseas income.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/26/AR2008092601601.html


***Republican Senators, Revoke Tax Breaks for Oil Companies, or expect to be voted Out of Office.***

It’s both Callous and Criminal to continue to give Tax Breaks to Big Oil over Investing in Renewable Energy.

You are betraying the Soldiers Serving and Dying in Iraq and Afghanistan by not doing all you can to free us from sending our Money and Troops to the Middle East.

Families are being torn apart and Home foreclosed on because of a lack of Jobs.

Massive investment in our ***Infrastructure*** and ***Renewable Energy*** Production is the most effective way to strengthen our Economy and National Security. We can create Millions of Jobs and Dozens of new Industries.

Renewable energy such as Wind, Solar, and Geothermal creates Millions of Jobs in Manufacturing, Construction, Maintenance, Electronics, Networking, Mechanics, Fabrication, Steel, New materials development, Education, and dozens of other industries.

We can create 2 Million Clean Energy jobs in just 2 years with a $100 Billion investment. Imagine how many $700 Billion would create (14 Million New Jobs?)

http://www.reuters.com/article/environmentNews/idUSN0930092120080909

Posted by: Derek | September 26, 2008 12:49 PM

Atten: Dan Eggan. Re: Your column of 9-26-08. This emergency has all the earmarks of a presidential rush to pass it before the members of the house and senate
get a chance to detect the high way robbery that is involved. It is my fervent hope that all deliberate analysis will be used to detect the robbery, and the give-away paragraphs, before the signing of the
document reveals them, much to our regret.
Hopefully, all earmarks will be deleted before signing.
It certainly is suspicious that we went from a "Strong economy" to a financial armageddon in only a week. Has anyone offered a reasonable explanation for that???
I have the deepest suspicion that this is a contrived emergency, designed to make a fortune for the major players, at the excpense of the working man and women.

Posted by: Cyrano | September 26, 2008 12:54 PM

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