Black and Hispanic Caucuses Resisted Pelosi on Bailout

LOS ANGELES — Speaker Nancy Pelosi normally enjoys warm relations with members of the House’s black and Hispanic caucuses, but a large number of them revolted Monday against legislation, which she supported, to rescue the financial industry. 

Class differences were laid bare by the vote. Several members of the two all-Democratic caucuses, who are now working among themselves and with the House leadership to put forward a compromise, characterized the defeated bill as one that would have provided assistance to the rich at the expense of middle- and lower-income voters. And it is to those voters that the lawmakers must answer.

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