A deal designed to rescue the banking system and save the world economy from catastrophe - but costing each American taxpayer $5,300 - dissolved into chaos last night after Republicans refused to endorse a $700 billion dollar package.
Talks are due to reopen later today after political high drama in Washington when talks broke into a verbal brawl in the Cabinet Room of the White House amid urgent warnings from the president and pleas from Treasury Secretary Henry Paulson, who reportedly knelt before the House speaker, Nancy Pelosi, and appealed for her support.
“I didn’t know you were Catholic,” Ms Pelosi said, a wry reference to Mr Paulson’s kneeling, The New York Times reported. She went on: “It’s not me blowing this up, it’s the Republicans.”She was referring to the surprise announcement from the House Republican leader, John A. Boehner of Ohio, who told those gathered at the White House that his caucus could not support the plan. He pressed an alternative that involved a smaller role for the Government.
Some senior Democratic figures suspect opposition is being choreographed so that John McCain could be seen to deliver an eleventh-hour solution today.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article4829757.eceHe really got down on his knees!!??!??! He must be shitting his pants today.