Hey, Get Warren on the Line…

By Dschabner

Sep 27, 2008 10:24pm

ABC News’ Z. Byron Wolf reports: Its an odd scene up here in Washington on a Saturday night. Negotiators seem to have broken into working groups and legislators in their shirtsleeves are flitting to and fro between rooms off the rotunda and statuary hall.

Sen. Kent Conrad seemed to need a break and has taken some laps around the House side with reporters trailing him.

He said it is slow going and there has been progress (no specifics) and won’t promise a deal tonight.

Senate Majority Leader Reid walked into Speaker Nancy Pelosi’s office just before 10 a.m. and said, "The night does not end for a long time."

But it is not just the people on Capitol Hill providing input. Conrad said at one point negotiators had Warren Buffett, whose Berkshire Hathaway infused $5 billion into Goldman Sachs this past week, on speakerphone. Others have been called too, he said, but would not name them.

He said there have been some heated words and raised voices and times when negotiators had to run things by "teams of lawyers" and "that really slows things down.

Some things, he said, have gone smoothly and some have been "more vexing."

But when asked what issues remain, he mentioned back-and-forth on limiting executive compensation, oversight of the buyout program and taxpayer protections, and how to pay for the $700 billion pricetag (which seems like most of the issues and leads one to wonder if anything has been resolved at all).

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