From NBC's Mike Viqueira
Some points, in case they aren't obvious by now...
-- They are going to try again by the end of the week
-- It probably WON'T be Thursday. Most House members don't come into town until that evening. Any new proposal would have to go through the same closed door explanation process that we saw Sunday night. Thursday night is not impossible, however, and it has not been ruled out. But most likely Friday.
-- The FDIC expansion and the mark to market rule change that is being considered by the secretary (hearing that from both R and D on House side) are significant for Republicans. Notice the Boehner statement on FDIC, where he says that Democrats rejected Blunt in negotiations when he proposed it. Dems question that version of events, but Boehner may be phrasing it that way to portray it as a Republican victory.
-- On the Dem side, extension of unemployment benefits is something that could help with liberals and is being considered. Also, strengthening of the fee that would be imposed on companies whose assets do not improve after five years might be strengthened.
-- A top Republican source says that he thinks votes are there and gettable, with some help from a few Dem switches.
-- All sides agree that tweaks are going to be relatively minor.
-- Blunt and Hoyer to meet face-to-face tomorrow.
Boehner's statement: "The presidential candidates' support for increasing the FDIC cap is welcome news. Increasing the FDIC cap is a proposal put on the table by Roy Blunt and House Republicans but ruled out by Democrats during the negotiations that led to yesterday's unsuccessful vote."
Pelosi and Reid also wrote a letter to the president, in which they make nice and welcome his statement this morning:
Dear Mr. President:
Yesterday's defeat of the Economic Emergency Stabilization Act resulted in additional severe economic impacts both on Wall Street and on Main Street. The consequences of yesterday's vote -- an historic drop in the stock market and the loss of $1.2 trillion in savings, investments, and retirement funds - had a major impact on American families, small businesses, and others that demonstrated the imperative for Congressional action.
We have already made much progress in improving the plan originally sent to Congress. After many days of discussions, we reached bipartisan agreement on key additions, including strong measures to protect taxpayers from the costs of this program; to impose tough accountability on Wall Street through strong oversight and transparency; to limit excessive executive compensation and golden parachutes; to reduce home foreclosures to help families remain in their homes; and to sequence the funding of the program to ensure appropriate cost controls and independent reviews.
We must continue our bipartisan efforts of the past two weeks to pass a comprehensive bill to help stabilize our financial system and protect the American taxpayer. We welcome your statement this morning and are committed to working with you and our Republican colleagues to enact a bipartisan bill without further delay.
Working together, we are confident we will pass a responsible bill in the very near future.
Nancy Pelosi Harry Reid