September 27th, 2008
12:00 PM ET
6 years ago

Senator in financial talks expects agreement by Sunday

Sen. Judd Gregg said he expects an agreement by Sunday.
Sen. Judd Gregg said he expects an agreement by Sunday.

WASHINGTON (CNN) – A New Hampshire senator who is helping negotiate a bailout agreement for the finance sector said Saturday he expects a single proposal to be hammered out by Sunday.

Judd Gregg of New Hampshire said the negotiating team planned to meet late Saturday afternoon.

"Senator (Chris) Dodd and I talked about this a lot and the basic understanding is that when we get in that room as principals we will stay there until we reach an agreement, or if we can't reach an agreement ... we'll stay until we've done something" to address the issue "in a comprehensive and
effective way, hopefully," he said.

"The progress we're making is good and I can say with some confidence that we've basically moved this thing down the road a long way toward reaching an agreement," Gregg added.

He and Senate Minority Leader Mitch McConnell of Kentucky appeared together at a news conference where McConnell added, "The goal would be to announce an agreement tomorrow and have the vote on Monday."


Filed under: Congress
soundoff (117 Responses)
  1. twintuitive

    that's right, scare the US into going to war, scare us into bailing out these wealthy companies. Instead a plan should be made to bail out the stockholders when these p.o.s. companies do crumble and die over their own greed. My husband and i were earning just $30,000/year for almost three years while raising twin boys when all this went down. We were offered mortgages by these scumbags atleast once a week, and we knew they were predators. Yes a $800/month mortgage on a $200,000 home sounds good when your paying $1000/month rent, but be real, we couldn't afford that.....what would we have done if he lost his job? got hurt? i'm happy we never feel victim to these scams, but i feel sorry for taxpayers who are now being forced to bail out these jerks, instead of helping the people who were the victims of their greed. $700 billion would certainly help a lot of Americans in financial crisis right now.

    September 27, 2008 02:11 pm at 2:11 pm |
  2. Scott L

    Glad John McCain is back in Washington doing whatever he can to help. He won't have all the answers, but he will make sure ALL voices are heard.

    Obama is in NC today campaigning. Shows you where his priorities are.

    Thank you John McCain for performing your duties as an elected official of the US Senate.

    September 27, 2008 02:12 pm at 2:12 pm |
  3. Barney

    McCain's going to capital hill this afternoon. Watch it blow up – AGAIN.

    September 27, 2008 02:15 pm at 2:15 pm |
  4. rich

    We dont make anything in this country anymore.Real estate became our whole economy and credit from it.Everyone in trouble made money or was living beyond their means.The generation that caused this should pay.Think about your kids future.If money goes anywhere it must go to build a manufacturing base so their will allways be jobs.Real estate wont do it anymore .Once this 700 billion is spent then what.Then another bailout and another.The problem cant be fixed by throwing money at the same senario

    September 27, 2008 02:16 pm at 2:16 pm |
  5. McCain won

    Good for McCain for attempting to get Republicans to go along- clearly the democrats want the bailout and clearly the HOUSE Republicans do not.

    McCain is trying to get some bipartisanship – not just TALK of it.

    September 27, 2008 02:18 pm at 2:18 pm |
  6. McCain won

    McCain won the debate last night.

    All the Obama supporters and the media campaign for Obama predicted that Obama would trounce an unprepared, chicken of an old man.

    Back fired.

    September 27, 2008 02:20 pm at 2:20 pm |
  7. Annie

    Do we really need to bail out the greedy sob's on Wall Street? Isn't this just socialism for the rich? Guess I don't understand enough about economics. But if it started with bad mortgages, why not fix those first and see if that TRICKLES DOWN. As far as including more tax breaks for corporations and more deregulation asked for in this plan by the House GOP, as I heard expressed last night by Rachel Maddow, my response would be: are you kidding?

    September 27, 2008 02:20 pm at 2:20 pm |
  8. tony in Hannibal mo

    Not if McBush comes to town. He comes to town like last time and what happen everything fell apart it shows he can't really reach across to the democratic group. So everything he says comes back to bite him,just like Palin issues of abuse of power . I see it as McCain causing this issue to fall flat , which is probable the best thing since its just to help congress contributors.

    September 27, 2008 02:21 pm at 2:21 pm |
  9. Paula From GA

    In the Bailout by the Dems are still rewarding Acorn and Company who got people into Bank loans that got People onto trouble. They got a deal in the housing Bill last year as well. They are still letting Fannie May and Fred to keep them out of the line of Fire. They get the payoffs and we alll get FLEECED!! You guys ought to be the one to get the Pink Slip and WALK OUT THE DOOR OF ANY COMPANY YOUR PARENTS WORK FOR WHILE YOU ARE GETTING THAT HIGHER EDUCATION. WE SHOLD NOT PAY FOR OBAMA'S FRIENDS, HE WORKED FOR IN CHICAGO. IF THERE IS A GOD OF JUSITICE HE SHOLUD STICK IT TO YOU AND CNN AND NBC FOR THEIR SO CALL REPORTING. THEY MUST HAVE A PIECE OF THE PIE IN STOCKS.

    September 27, 2008 02:21 pm at 2:21 pm |
  10. Fools for Obama

    Obama's bragging about how presidential he is black fired (pun intended) on him in the debate last night.

    Obama looked old, haggard, gray and tired- McCain came across in command.

    September 27, 2008 02:21 pm at 2:21 pm |
  11. Spinning from Obama

    The tired old man keeps outpacing the young orator.

    September 27, 2008 02:22 pm at 2:22 pm |
  12. Elias

    Elections have become a charade, with experienced or inexperienced clowns trying to prove to the American Public who is the most impressive candidate. Actually, I am glad Hillary did not get the nomination... she is more qualified than these two bozos put together, plus all of their friends.

    September 27, 2008 02:23 pm at 2:23 pm |
  13. Gotcha

    Obama can not keep up with the 72 year old McCain.

    Obama did not look fresh, sharp, crisp and ready during the debate. He looked drawn, tired and petulant.

    September 27, 2008 02:24 pm at 2:24 pm |
  14. Paula From GA

    OBAMA WAS IN THE WHITE HOUSE WITH ALL THE LEADERS OF THE DEMOCRATIC PARTY. THEY ALL GOT THE PHOTO-OP PICTURE TAKEN!! CD AND ALL THE OBAMA FAN CLUB. HE DIDN'T LIVE UP TPO HIS CAMPAIGN SLOGAN. NO ONE FOLLOWED HIM INTO THAT HEAVEN YOU GUYS GOT WROTE UP. NO ONE LIKES HIM OR TRUST HIM OR YOU AS FAR AS WE CAN THROW HIM OR YOU GUYS.

    September 27, 2008 02:24 pm at 2:24 pm |
  15. Paula From GA

    There was never a deal, they should make adeal so Acorn and fred and faninie can get away with the money scam they have pulled on the public and wall street.

    September 27, 2008 02:26 pm at 2:26 pm |
  16. Francheska

    Unless Super McCainot swoops in and blows the whole thing up again!! ;-) Why doesn't he just return to the campaign trail and leave the Bailout alone or better yet, go and find Palin and coach her on the principles of "NOT AGREEING WITH BUSH" when she is before the cameras. WOW. He said himself he knows little about economics...what can he possibly do other than bring more politics to the table? Neither party wants to take on this bill and "own" it. They are fighting over which party will get blamed by the American tax payers if it goes badly. I wonder who will come in and take credit if it works out? It is sad, because stuck in the middle is the tax paying public YET AGAIN...looking for someone to give leadership on this thing. This is insane!!

    September 27, 2008 02:27 pm at 2:27 pm |
  17. DOM

    Friggin' retards. You want taxpayers to pay for this? Obama was ready to sign on (as apparently most of you are) without a thought. He voted "present ". Again. House Repubs are trying to work it so it's more of a loan the institutions have to pay back and relieving the taxpayer. McCain will end up for a lot of the credit for this and your avatar of hope will look like the unseasoned pretender he is.

    September 27, 2008 02:27 pm at 2:27 pm |
  18. GA for Obama

    NH Mom- A woman could never win a debate, let alone beat Obama. Obama crushed McCain in the debate. Listen to Hillary, vote for Obama. Vote Smart.

    September 27, 2008 02:28 pm at 2:28 pm |
  19. Paula From GA

    NO DEAL- YOU GUYS CAN AFFORD TO BANKROLL OBAMA WHY DON'T YOU GUYS COLLECT THE MONEY ANF PAY THE DEBT YOURSELVES-YOU CAN AFFORD IT. OTHER THAN THAT SHUT UP AND KEEP YOUR HAND OUT OF MY POCKET!!

    September 27, 2008 02:29 pm at 2:29 pm |
  20. VON BISMARK,Vienna.

    This is impossible. mcGIMMICK is not present.

    September 27, 2008 02:29 pm at 2:29 pm |
  21. Les

    Now the old white angry guy is trying to take credit for fixing the economy by "showing" his a leader. The operative word here is "showing". The old white angry guy shows stuff by putting on a show instead of being authentic. The only maverick part of this guy is acting how he thinks people want him to act. He's not even a good actor because he seems so plastic and unauthentic. Of course the old white angry guy will try to take credit for fixing the economic situation because he steals others ideas and then pretends he's a maverick.

    September 27, 2008 02:32 pm at 2:32 pm |
  22. cecil

    America It's Fairly Obvious That Sen. McCain Is Using The Bail Out Summit To Garnish Himself In Poiling Points.

    Listen To The Statements That's Coming From There Camp!

    The Last There Days, Here's Some.

    The campaign is touting that, as one aide puts it, McCain's "the glue that is going to potentially bind together House Republicans and Democratic members of House Speaker Nancy Pelosi's caucus."

    When pressed on that, the campaign aide repeated the point that Camp McCain's been making for 24 hours, that McCain is the one who pushed House Republicans back to the negotiating table.

    They Can't Wait To Pounce On This, John McCain The Reason The Bail Out Was Sign!

    They Mis-Fired Once Already, 2 Days Ago Remember That Surrogate On MSNBC. Proclaiming Where Going into The Debate Strong, John McCain The Reason There Signing The Bail out!

    They Really Need To Relax and Stop Acting So Selfish and Unpresidential.

    It's Truly About Putting McCain First, Not America.

    September 27, 2008 02:36 pm at 2:36 pm |
  23. Matthew, New Orleans

    Hurry everyone before the Reformers come ( Johnny on the spot and the biggest VP Joke in history Palin ). The United States would never be the same if these two clueless individual win this race. Never in the history of an election have I seen a VP protected as this individual. If you think about it they deserve each other. Mr. 894 out of 899 and Mrs. 5 Colleges and one Degree.

    September 27, 2008 02:36 pm at 2:36 pm |
  24. SHOP FOR AMERICAN MADE PRODUCTS

    BARACK OBAMA clearly WON the debate last night.

    I thought CNN failed to give him full credit for looking and sounding Presidential and intelligent vs. his opponent JOHN MCCAIN who looked old and sounded ancient.

    SHOP FOR AMERICAN MADE PRODUCTS AND HELP SAVE OUR ECONOMY.

    September 27, 2008 02:36 pm at 2:36 pm |
  25. Ted van Tol

    McCain versus Obama = past versus future.

    In the debate this time the student was right and
    the proffesor was shamefull out of touch and needs
    to retire as soon as possible.

    September 27, 2008 02:37 pm at 2:37 pm |
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