Talks Falter on Bailout Deal

White House Summit Fails to Yield Accord as House GOP Floats New Plan

By Paul Kane and Lori Montgomery
Washington Post Staff Writers
Friday, September 26, 2008; A01

A renegade bloc of Republicans moved to reshape a massive bailout of the U.S. financial system yesterday, surprising and angering Bush administration and congressional leaders who hours earlier announced agreement on the "fundamentals" of a deal.

At a meeting at the White House that included President Bush, top lawmakers and both presidential candidates, House Minority Leader John A. Boehner (R-Ohio) floated a new plan for addressing the crisis that has hobbled global markets.