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Democratic House Speaker Nancy Pelosi said "great progress" had been made - but details remain to be agreed.
A vote could be held in the House of Representatives as early as Sunday, with negotiators keen to reassure the markets before they reopen on Monday.
The deal proposes that the government would spend the $700bn to buy up bad mortgage-related debts from US banks, borrowing the cash from the money markets by issuing more government debt.
Originally posted by Karlhungis
What has Pelosi done that would make you think that she cares one bit about what the people want?
Originally posted by jmdewey60
I was just looking at the current vote count in the House and it said there were 14 Democrat votes No and almost all the Republicans were in the No group. Right now, it looks like a no. I am sure they will play every trick in the book to force votes until they get what they want.
Apparently, Pelosi saying that they will wait 24 hrs. to vote on it was a lie because that would mean they would have to hold off until tomorrow. They are going to push it through today.
[edit on 29-9-2008 by jmdewey60]
Pelosi been playing politics with this from the word go. In the house alone she has the votes without reps help. In the Senate their are I believe 51 Democrats. I am not sure if they need a simple majority or 60 to pass something. If they need a simple majority she has the vote period.