Hoyer: Bailout Timing Uncertain

Posted September 29, 2008 at 6:23pm

House Majority Leader Steny Hoyer (D-Md.) issued a statement Monday evening noting the House will next be in session Thursday at noon, but that no decision has been reached on when financial-sector bailout legislation might return to the floor. The House on Monday voted down, 228-205, the bailout bill adopted over the weekend by a bipartisan, bicameral negotiating team. “At this time, the House is scheduled to meet at noon on Thursday,” Hoyer said in the statement. “However, whether the House will consider legislation regarding the economic crisis has not been determined. We will continue to work around the clock in a bipartisan manner to forge a solution to the serious threat confronting the economic security of millions of American families.” Both the House and Senate will be out Tuesday in observation of Rosh Hashana. At a press conference after the vote, Speaker Nancy Pelosi (D-Calif.) said: “So again, the legislation has failed but the crisis has not gone away. We must work in a bipartisan way, in order to have another bite of the apple, in terms of some legislation.”