House Financial Services Committee Chairman Barney Frank said Thursday night he has no idea where his Republican counterparts stand on the bailout.
“At this point I honestly don’t know what the House Republicans are going to do and how,” Frank told reporters. “I don’t think Secretary Paulson or the White House knows either. And that is the dilemma.”
Frank said he “doesn’t know” who he is supposed to be negotiating with at this point, adding that Sen. John McCain has helped create deadlock by returning to Washington.
Both Frank and House Majority Leader Steny Hoyer said the bill must have bipartisan support before it is brought up for a vote.