Moment of truth approaching for bailout - Politico

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http://www.politico.com/news/stories/0908/14050.html

Treasury’s $700 billion rescue plan for the financial markets goes to the House floor Monday, backed by the two major presidential candidates but facing resistance still on the right and left.

Coming just weeks before the November elections, the 110-page bill is a major test of whether the political center can hold behind what’s become an unprecedented government intervention to try to break the credit crunch threatening the larger U.S. economy.

“If we don’t pass it, we shouldn’t be in Congress,” snapped Sen. Judd Gregg (R-N.H.), the lead negotiator for Senate Republicans.

But his fellow New Englander, Rep. Christopher Shays (R-Conn.) warned the depth of unhappiness among members is real. “For this to pass, a lot of people are going to have to change their minds,” Shays said.

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