Financial Times FT.com

Lehman Brothers - Politics of the bail out

House backing rests on leadership revival

By Edward Luce and Stephanie Kirchgaessner in Washington

Published: October 1 2008 21:12 | Last updated: October 1 2008 21:12

The outcome of the second vote in the House of Representatives on the bail-out package this week will largely hinge on the ability of the Republican leadership to regain control over its increasingly unruly caucus.

It will also depend on whether Nancy Pelosi, the Democratic House speaker, can ensure she will not suffer any defections from the 140 Democrats who voted for the original rescue package, even though the revised legislation has been designed to draw in more Republicans.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this