Rep Warns GOP Opposition Could Sink Bailout Deal

House conservative hedges on support for plan
By Wesley Oliver,  Newser Staff
Posted Sep 28, 2008 11:00 AM CDT
House Republican Whip, Rep. Roy Blunt, R-Mo., right, and House Republican Leader, Rep. John Boehner, were key key players in the bailout deal.   (AP Photo/Lauren Victoria Burke)
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(Newser) – Even as Washington officials reached for the bubbly, a prominent House Republican warned that GOP lawmakers may not approve the bailout deal reached last night. “We are not ready to say that a deal is done,” said Virginia Rep. Eric Cantor, who has spearheaded efforts by House conservatives to offer alternatives on the bailout.

Cantor wants the bailout to include stronger provisions for a mandatory mortgage insurance program. Barney Frank said he was “puzzled” by Cantor’s hesitance, noting that the No. 2 ranking House Republican “was in on the negotiations.” “It sounds like House Republicans are still looking for a way to oppose the plan,” Martin Kady blogs on Politico.