News Cycle

A look at the news, politics and journalism in today’s 24-hour media.

Kanjorski: Bailout Basically a Done Deal

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Appearing on CNBC this morning, Rep. Paul Kanjorski said the proposed $700 billion bailout legislation was “almost an accomplished fact.”

“The package is basically done, the hard issues are resolved and we are going to move on,” The Democrat from Pennsylvania and a member of the House Financial Services Committee said. “Right now, the votes are there for it.” He said he believed that the president could have the bill on his desk by the weekend.

“I have already bought two tickets for the candidates to get back to Mississippi for tomorrow night,” he said. “Let’s get them on their presidential debate and let us tend to the business of government.”

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Written by newscycle

September 25, 2008 at 11:17 am

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