Senate looks for a way out

Senate Majority Leader Harry Reid (D-Nev.) said he did not except much out of the White House meeting today on the bailout discussing during a Senate Leadership pen and pad session at the Capitol. Instead He focused on the difficulties finding a proper solution of the ongoing bailout battle. “Im not picking a fight, I just want to see a way out of this,” Reid said.

Reid highlighted the importance of recognizing that the markets need help in the current economic crisis, without leaving American taxpayers suffering. Reid assured that Congress is working to come up with an economic recovery plan solving the situation on Wall Street. Washington State Senator Patty Murray agreed with the Majority Leader stating that the golden parachute deals existing on Wall Street cannot continue.

Reid said that all aspects in the potential recovery package need consideration. He also brought up the absence of Sen. John McCain, saying that his return is not beneficial to the situation with Americans waiting for answer to the financial dilemma. “We’re willing to negotiate on this,” Reid said.