(CNN) - House Speaker Nancy Pelosi and House Minority Leader John Boehner are releasing the following statement on the progress of the economic bailout deal:
"We continue to work closely with Secretary Henry Paulson, Chairman Ben Bernanke, and with Democratic and Republican members of the House and Senate to improve the Administration’s initial proposal to stabilize the financial markets. Our shared goal is to make the proposal more accountable to taxpayers.
Working in a bipartisan manner, we have made progress. We agree that key changes should be made to the Administration’s initial proposal. It must include basic good-government principles, including rigorous and independent oversight, strong executive compensation standards, and protection for taxpayers.
We are committed to continuing to work cooperatively, and on a bipartisan basis to safeguard the interests of American taxpayers."