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Rep. Frank says hopeful of bailout deal this weekend

WASHINGTON
Fri Sep 26, 2008 6:45pm EDT
(L-R) House Financial Services Committee Chairman Barney Frank (D-MA), Senator Christopher Dodd (D-CT) and Senator Charles Schumer (D-NY) talk to reporters after a planned meeting with their Republican counterparts about the current financial crisis failed to come together at Capitol in Washington, September 26, 2008. REUTERS/Jonathan Ernst (UNITED STATES)

WASHINGTON (Reuters) - The chairman of the U.S. House of Representatives Financial Services Committee said on Friday he was hopeful Congress could reach a deal on a bank bailout bill this weekend, but he was not giving any firm deadlines.

Barack Obama

Asked on the public television program "NewsHour" whether he thought a deal would be reached this weekend, Rep. Barney Frank said: "I hope so, but you know I don't want to say for sure."

"I love the media, but we can't trust you with deadlines," the Massachusetts Democrat said. "If we give you a deadline and there was a power outage and we miss it by a few hours, you overreact. So we're going to try very hard to get a deal but I'm not giving any timelines."

(Reporting by Tim Ahmann)
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