Videos

September 26, 2008

I think it was accurate yesterday that there was a deal, an agreement on the table that was agreed to by -- in principle by most of the players. Towards the end of the day the house republicans indicated no they were not in agreement and they told the president that and they told secretary paulson that and as a result we are continuing to work to try to get an agreement. The fact is as we see it there's a crisis...

September 26, 2008

What happened is the house republicans, as you just heard Mr. Pence say, put a new plan on the table after six or seven days of very, very vigorous work around the clock trying to meet this critical crisis. They put a new plan on. We were down at the white house, norah, and it was clear that Secretary Paulson did not believe their proposal was a workable proposal.

September 25, 2008

We are prepared to work through the weekend to get an agreement. Unfortunately, this afternoon, republicans in the house came up with their own separate plan, which they never mentioned yesterday during the hearings with bernanke and paulson, which came as news. that clearly has slowed us down.

September 25, 2008

We need to work together to try to solve this crisis and respond to it. The president sent down a bill, secretary paulson sent it down saturday morning. That's early saturday morning. We have been working ever since to improve the bill to put in taxpayer protections, oversight committee to make sure that taxpayers could be included in any upside and equity.

September 25, 2008

Clearly everybody in the room was not necessarily in agreement, but the president made it very clear and the speaker and harry reid both made it very clear we're working very hard to come to agreement and work very closely with paulson and bernanke. We realize that doing this correctly is critical, but also doing it soon is critical.

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