Washington, DC, United States

Sep 18, 2008 2:44 PM

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Scott J. Ferrell/Congressional Quarterly/Newscom

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Scott J. Ferrell

110th Congress economy finance jobs recession wealth money mortgage housing Fannie Mae Freddie Mac AIG

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WASHINGTON, DC - Sept. 18: Republican Study Committee members Rep. Michele Bachmann, R-Minn., Rep. Jeb Hensarling, R-Texas, Rep. Tom Feeney, R-Fla., and Rep. Scott Garrett, R-N.J., during a news conference on recent bailouts of ailing financial institutions. A Republican backlash against the Bush administration’s unprecedented intervention in the financial market grew Thursday as GOP leaders complained that officials refused to brief them on the situation and a group of conservatives called for halting further bailouts. Meanwhile, Speaker Nancy Pelosi, D-Calif., indicated it was possible the House could take some action on the crisis gripping Wall Street before the year was out, but that lawmakers would first need to get a better understanding of how the problems developed. Reps. Scott Garrett, R-N.J., and Marcy Kaptur, D-Ohio, introduced a measure (H Res 1452) that would establish a bipartisan select committee to investigate the recent spate of bailouts. (photo by Scott J. Ferrell/Congressional Quarterly)