Senate Majority Leader Harry Reid (Democrat from Nevada) on Friday complained that presidential-election politics are hurting negotiations over a $700 billion rescue of Wall Street but vowed that Congress would pass legislation quickly. Lawmakers are attempting to finish a massive rescue package after delicate negotiations failed following a White House meeting that included congressional leaders, Bush administration officials, and the Democratic and Republican presidential candidates. Reid told reporters, “we'll get this done.” He said lawmakers who are negotiating the deal with Treasury Secretary Henry Paulson had three non-negotiable points—limits on executive pay for companies that participate in the rescue plan, protections for taxpayers, and assistance for homeowners facing foreclosure.
