House Minority Leader John Boehner Tuesday reiterated his desire to see Congress pass bailout legislation, however he acknowledged the concerns some of his members have with the proposed $700 billion plan.
“It’s the size of the solution that causes great concern and trying to gauge the risk to reward ratio,” Boehner told reporters. “How serious is the problem and how imminent is the crisis. I believe that the risk to our economy is severe and Congress must act.”
Boehner said he invited Vice President Dick Cheney to brief House GOP members Tuesday morning in a closed-door meeting.
“The vice president outlined the nature of the problem and the solutions necessary,” Boehner said of the meeting, but did not elaborate on the details.
Boehner acknowledged that debate on the bailout is by no means finished.
“There are a lot of ideas floating around out there, about what this package will look like,” he said. “We will talk to the administration and our colleagues across the aisle on this."