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Lawmakers Get Down to Details of Drafting Bill
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But Frank said he was willing to add an insurance option if it secured Republican votes. With less than six weeks until the November election, Pelosi, Frank and other Democrats have demanded that a large number of Republicans join them in approving the controversial legislation.
"It's no problem to add something that's not going to do much," Frank said.
Democrats have accused the GOP presidential candidate, Sen. John McCain (R-Ariz.), of engineering Thursday's breakdown in hopes of garnering attention for his campaign. Republicans yesterday defended McCain but acknowledged that his intervention had created a stir that threatened the bailout.
With McCain and his Democratic opponent, Sen. Barack Obama (D-Ill.), both back on the campaign trail, the talks are "back on track," said Sen. Lamar Alexander (R-Tenn.). Alexander said he expects more than 40 Republicans in the Senate to support the final legislation if it is endorsed by their lead negotiator, Sen. Judd Gregg (R-N.H.).
"He'll have overwhelming support for it," Alexander said.
Staff writers Dan Eggen and Michael Abramowitz contributed to this report.
