Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

McConnell: Candidates helped discussions

|
|
 
  
Senate Minority Leader Mitch McConnell (R-KY) (L) speaks at a press conference about the proposed $700 billion bailout of financial markets on Capitol Hill in Washington on September 26, 2008. (UPI Photo/Alexis C. Glenn) 
License photo
Published: Sept. 26, 2008 at 1:24 PM

WASHINGTON, Sept. 26 (UPI) -- Senate Minority Leader Mitch McConnell said Friday the presidential candidates' presence in Washington helped push lawmakers forward on the economic crisis.

McConnell, R-Ky., met with reporters to announce he designated Sen. Judd Gregg, R-N.H., as the Senate Republicans' negotiator in discussions between lawmakers and the Bush administration on the $700 billion bailout plan for the U.S. financial system.

"We need to get the substance of the package right, but also do it quickly," McConnell told reporters.

"(Both) presidential candidates believe that we ought to get it resolved, that we ought to do it on a bipartisan basis, and do it quickly."

Gregg said the return of Sens. John McCain, R-Ariz, and Barack Obama, D-Ill., "significantly moved the process along," McConnell said. "They got us and the American people focused on the seriousness of the issue."

"You can't understate the significance of this problem, and the problem really goes directly to Main Street," Gregg said. While progress has been made, "there are still knotty and difficult issues to deal with. We're going to work through them."

Topics: Judd Gregg, Mitch McConnell
Recommended Stories
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Notable deaths of 2012 Scripps National Spelling Bee AmfAR Cinema Against AIDS gala
Indianapolis 500 Presidential Medal of Freedom Memorial Day around the nation
Additional Top News Stories
1 of 27
Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler
fark
Ugly ass baby giraffe born in Southern Illinois zoo. Adorable pictures "я" us
If your neighbors ask if you and your wife are into swapping and suggest having a swapping party...
It's a lie
The hot new baffling non sequitur: Marrying yourself, complete with vows and ceremony. Subby is...
Hutt robbery "cowardly." Oh, so I suppose hiring intergalactic bounty hunters is the paragon of...
Across America, more and more cities are trying to regulate garage sales. In other news, some people...