[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/09/29/art.blunt.jpg caption="House Republican Whip Roy Blunt, (R), is pursued by reporters after the House voted down the Emergency Economic Stabilization Act of 2008."]
CNN Congressional Correspondent
Deirdre Walsh and I spoke with Minority Whip Roy Blunt. He BELIEVES an altered version of the current bill can pass the House. He believes the bill does need change. He suggests it should go to the Senate first but Senate leadership has indicated that they’re *not* inclined to have the Senate vote first. Blunt also says if the stock market continues to fall that could help change votes.
On what's next? Blunt said he's talked to Paulson, Democrats, and Republicans in the House and Senate. Suggested it could be helpful if the Senate were to vote first. Blunt we're "looking to see if there's anything we need to do to improve this bipartisan bill on Senate side so that the House could deal with this in a few days."
Suggests falling stock market and credit crunch could change votes: “Members on the House side will have a few days now to look at impact of no immediate action on the marketplace and see what happens.” “It will also make a difference if the international credit situation begins to push its way down more to the banks we live. If the banker you know calls you and says I’m seeing this credit restriction is real - that will make an impact on what next.”
“Let’s see what happens tomorrow and the next day. You don’t want to react to just one day.”
Should we expect changes in the bill: "My sense is that this exact same bill couldn’t pass. But this bill could be the basis for final congressional action." "They'd have to expect some changes."
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