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Who can explain this Current Event news topic?

Obama says Congress will produce bailout bill

what is going on?

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  • Anonymous
    1 decade ago
    Favorite Answer

    I think the general consensus is that this bill needs to pass. Congress may argue about certain points of it, but eventually it will pass in some form.

    That's what I keep reading at least.

    The main reason it didn't pass this time is because no body wanted to be the one to vote for it - it's pretty unpopular with a lot of the voting public, and the entire house of representatives is facing reelection in just 5 weeks. They don't want to lose their seats.

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