House Minority Leader Nancy Pelosi (D-Calif.) noted that Democrats in 2008 provided the votes for the financial industry bailout bill after many Republicans abandoned their leadership and the bill failed on the floor. That caused the Dow Jones industrial average to drop more than 777 points — enough to spook Members into voting for it a few days later.
“I don’t need to see markets drop 400 points, but the Republicans may need to see markets drop 400 points,” she said last week.
John Stanton, Jessica Brady and Daniel Newhauser contributed to this report.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.