ADVT:

  Home   Astrology   Business   Indiafocus   Lifestyle   Movies   News   Parenting   Online Exam   Sports   Travel

News HomeWorldAmerica
McCain camp claims credit over bailout changes
Monday, September 29, 2008 21:16 [IST]
Chicago: John McCain's presidential campaign claimed credit as Congress readied today to vote on an emergency economic package, but Democrats said the Republican's last-ditch intervention had been no help.

Mitt Romney, McCain's erstwhile rival for the Republican nomination, said the deal on a Wall Street bailout worth up to USD 700 billion would never have happened without the Arizona senator.

Speaking on NBC television, the former Massachusetts governor said "this bill would not have been agreed to had it not been for John McCain."

"That doesn't mean that he's the only guy doing that. And there many people, who have been critical to it," Romney said.

"But, you know, this is a bipartisan accomplishment, a bipartisan success.

And if people want to get something done in Washington, they just watch John McCain," he said.

"He's been the guy whose name is at the top of major pieces of legislation for a long time."

Both McCain and his Democratic rival in the November 4 election, Barack Obama, said they would reluctantly sign up to a drastically reworked deal permitting the Treasury to buy up sour mortgage-backed assets.

A vote in the House of Representatives, where Republican opposition to the bailout has been strongest, was due today. The Senate, where both McCain and Obama sit, was not expected to take up the measure until Wednesday.

Obama yesterday said McCain's response to the Wall Street crisis had been "Katrina-like," evoking the US government's bungled handling of the hurricane that drowned New Orleans in 2005.
Source : PTI

Add To

digg.com

del.icio.us

stumbleupon.com

My Yahoo

reditt.com

newsvine.com

fark.com
 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Screen Sever
Gallery
WallPaper
Print this page
Mail this page
Archives


  
More News
Mamta defends hefty salaries
A rare love story!
Lok Sabha adjourned over...
Liberhan report in this...
China coal mine blast: 104...
China mine blast death toll 104
Govt to help obese woman in...
Red alert at Guj Kandla oil...
Three Mile Island Nuke plant...
Who should I deal with in Pak?:...
LeT's Google Earth link to...
Who should I deal with in Pak?:...
Four held for misbehaving with...
20 arrested in Orissa for...
No fear of ties suffering under...
Pak not serious on Mumbai...
Assam twin blast toll rises to...
Open gateways to dual use...
Dalai Lama doesn't want to...
Mumbaikars don't about security
Sikh groups seek justice for...