Was just talking to a source who thinks a deal is coming together quickly. Congressional leaders want to have something hammered out before the White House meeting. Pelosi and Reid don’t want McCain and Obama to be seen as swooping in to save the day. Paulson’s priority will be ensuring that the deal is something he can actually make work (i.e., no punitive measures). Meanwhile, the Dow’s up, but the credit markets look absolutely dreadful.
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About the Author
Rich Lowry is the editor in chief of National Review.
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