John McCain

gibson __PUNCT__ senat __PUNCT__ do we have an agreement on legisl to address thi problem __PUNCT__ mccain __PUNCT__ we do not __PUNCT__ but i am veri hope that we ar make_progress and i know we ar make progress __PUNCT__

i have talk to mani of my colleagu todai and had convers with them __PUNCT__ talk about thi issu and have no doubt about the crisi we ar face __PUNCT__

we talk about job all over america __PUNCT__ we talk about loan __PUNCT__ we talk about abil of small_busi to stai in oper __PUNCT__

and my colleagu ar awar of that __PUNCT__ and i confid that we go to move_forward and get thi issu in a bipartisan agreement which is what the american_peopl want __PUNCT__

gibson __PUNCT__ what the hang up __PUNCT__ mccain __PUNCT__ well __PUNCT__ member have concern about a bailout __PUNCT__ frankli of __MONEY___billion __PUNCT__ or an expenditur __PUNCT__ let me put it thi wai __PUNCT__ an expenditur of __MONEY__ billion of taxpay __PUNCT__ monei __PUNCT__

thi is the biggest thing of it kind obvious in histori __PUNCT__

thei have legitim concern __PUNCT__ some of those have alreadi been satisfi such as account and oversight_board __PUNCT__ ceo execut_pai __PUNCT__

a number of issu have alreadi been resolv and i hope we get them resolv and get go and get thi thing done __PUNCT__

gibson __PUNCT__ but thi afternoon __PUNCT__ the chairman of the hous_bank committe __PUNCT__ the chairman of the senat bank committe __PUNCT__ walk out and said __PUNCT__ we have an agreement on principl __PUNCT__

and inde even senat bennett from your parti said __PUNCT__ i now expect we will inde have a plan that can pass the hous __PUNCT__ pass the senat __PUNCT__ be sign by the presid and bring a sens of certainti to thi crisi that is still roil the market __PUNCT__

what happen between on o'clock thi afternoon and four o'clock __PUNCT__ when you went into the meet with the presid __PUNCT__ mccain __PUNCT__ well i believ that immedi after that __PUNCT__ congressman boehner __PUNCT__ the republican_leader in the hous __PUNCT__ came out and said there wa not a deal __PUNCT__

but again __PUNCT__ i think signific progress ha been made __PUNCT__ i believ it will be made __PUNCT__ and i believ that we reach a success conclus __PUNCT__

member ar awar of the crisi situat that we in __PUNCT__

thei do have concern __PUNCT__ which i think when you talk about __MONEY___billion or a trillion_dollar __PUNCT__ that need to be address so that thi is a genuin bipartisan __PUNCT__ bicamer agreement __PUNCT__

gibson __PUNCT__ it would seem that most of the condit that you want put into the bill were done so __PUNCT__ it wa so __PUNCT__

thei in there __PUNCT__ so what is it that is hold up agreement from the hous_republican __PUNCT__ mccain __PUNCT__ well __PUNCT__ thei have had variou concern __PUNCT__ includ a provis for insur in there __PUNCT__ includ addit home_loan mortgag guarante __PUNCT__

there ar a varieti of concern __PUNCT__ i think a lot of them have been satisfi __PUNCT__

and i believ and i hope that we can satisfi all of them and move_forward veri quickli __PUNCT__

thei ar awar of the urgenc __PUNCT__

thei ar also awar of their respons to the taxpay and thei hear __PUNCT__ frankli from their constitu that have concern about thi as well __PUNCT__ and we as elect_offici have to listen to those concern of the peopl that we repres __PUNCT__

gibson __PUNCT__ you sai agreement you think can be reach __PUNCT__ can it be reach around __PUNCT__ mccain __PUNCT__ soon __PUNCT__ ye __PUNCT__

gibson __PUNCT__ around the basic administr plan of address thi with x number __PUNCT__ hundr of billion of dollar to bui the bad debt from bank __PUNCT__ or is it go to be necessari to come with some total differ approach __PUNCT__ mccain __PUNCT__ no __PUNCT__

i think it base around the propos __PUNCT__

although there have alreadi been some chang to that basic propos __PUNCT__

that the process we go through __PUNCT__

but i think that basic what we us to reach a success bipartisan bicamer agreement __PUNCT__

but i also think that concern have to be address and i believ thei be address as rapidli as possibl and i understand that __PUNCT__

gibson __PUNCT__ is the hang up the hous_republican __PUNCT__ mccain __PUNCT__ well __PUNCT__ not all __PUNCT__ senat_republican were satisfi __PUNCT__ a number of them had a great_deal of concern about it as well __PUNCT__ and i understand some democrat in the senat did as well __PUNCT__ as well as some hous_democrat __PUNCT__ so __PUNCT__

but it wa primarili and it is primarili some concern that a lot of hous_republican __PUNCT__ but senat_republican as well and i don't know that much about democrat __PUNCT__ sentiment __PUNCT__

gibson __PUNCT__ do we have a debat tomorrow night __PUNCT__ mccain __PUNCT__ well i hope __PUNCT__ veri hope that we can __PUNCT__

i believ that it veri possibl that we can get an agreement so that __PUNCT__ in time for me to fly to mississippi __PUNCT__

i understand that there is a lot of attent on thi but i also wish senat_obama had agre to ten or more town_hall_meet that i had ask him to attend with me __PUNCT__

wouldn't be quit that much urgenc if he agre to do that __PUNCT__ instead he refus to do it __PUNCT__

gibson __PUNCT__ what is the practic deadlin __PUNCT__ there would have to be an agreement __PUNCT__ a bill that could be sign off __PUNCT__ bipartisan __PUNCT__ bicamer by tomorrow morn __PUNCT__ by tomorrow noon __PUNCT__ mccain __PUNCT__ i don't know exactli __PUNCT__ charli __PUNCT__

but again i hope we can get the outlin and the specif that a lot of peopl want to see and get it done quickli __PUNCT__

in __PUNCT__ member of congress veri awar that the market ar watch veri carefulli what we do __PUNCT__

and i see noth but optim amongst the mani peopl __PUNCT__ colleagu of mine __PUNCT__ both republican and democrat that i talk to todai that we reach a success conclus __PUNCT__ i confid we will __PUNCT__

gibson __PUNCT__ wa the agreement on principl announc by senat dodd and congressman frank and other thi morn __PUNCT__ wa that enough for you to sign on __PUNCT__ or do you want other chang in thi bill __PUNCT__ mccain __PUNCT__ well __PUNCT__ the principl frankli ar those that i articul __PUNCT__

and as alwai the devil is in the detail mani time and i want to see of cours whether homeown ar adequ address at keep peopl in their home and other aspect of it __PUNCT__

but basic i set forth a set of princip that ar veri similar to these as well as the origin plan of secretari paulson __PUNCT__ but there have been signific chang as we went through __PUNCT__

gibson __PUNCT__ just on final question __PUNCT__

can you describ the meet for me __PUNCT__ when wa the moment when you realiz __PUNCT__ we not go to get an agreement in thi meet __PUNCT__ mccain __PUNCT__ the on at the white_hous __PUNCT__ well __PUNCT__ i knew go in becaus i been over on the hous side with my hous_republican republican_colleagu __PUNCT__

there never wa a deal __PUNCT__ but i do believ the meet wa import to move the process along __PUNCT__

i think it good for us all leader to get togeth __PUNCT__ meet with the presid __PUNCT__

i think it gave us a renew sens of urgenc and i confid we will move_forward __PUNCT__ and i confid that we will reach a conclus __PUNCT__ and i confid that it mai have a benefici effect __PUNCT__ not just on the market __PUNCT__ but on peopl abil to keep their job and their home __PUNCT__

gibson __PUNCT__ and what happen next __PUNCT__ negoti through the night __PUNCT__ what happen __PUNCT__ mccain __PUNCT__ we continu with negoti of cours __PUNCT__ discuss __PUNCT__

again __PUNCT__ i hate to be so repetiti __PUNCT__ i am confid we reach an agreement __PUNCT__

we have to __PUNCT__

gibson __PUNCT__ alright senat __PUNCT__ appreci your be with us __PUNCT__

thank __PUNCT__

mccain __PUNCT__ thank you __PUNCT__