The spin is in to blame congressional Republicans if a deal is not made:

Harsh Republican Party in-fighting sidetracked the Bush administration’s $700 billion plan to bail out the battered financial services industry, and it’s uncertain how many GOP lawmakers will even take part in Friday’s resumption of closed-door negotiations in Congress. Even for a party whose president suffers dismal approval ratings, whose legislative wing lost control of Congress and whose presidential nominee trails in the polls, Thursday was a remarkably bad day for Republicans.
A White House summit meeting called principally with the purpose to seal the deal that President Bush has argued is indispensable to stabilizing frenzied markets and reassuring the nervous American public descended into arguments — mostly among Republicans.

Resisting the urge to JUST PASS ANYTHING QUICKLY is a good instinct. For this I applaud some of Cantor&co.-type fighters.