Pelosi: We Delivered on Our Side of the Bargain

House Speaker Nancy Pelosi (D-Calif.) pushed back against Republican suggestions that she and Democrats are to blame for Monday's failure of the proposed $700 billion economic rescue package in the House.

"Today, when the legislation came to the floor, the Democratic side more than lived up to its side of the bargain," she said, noting that a majority of Democratic House members voted in support of the bill while most Republicans opposed it.

The bill failed 228 to 205.

Pelosi added that she told Treasury Secretary Henry Paulson, who has lobbied hard for the bill, that it wasn't her side that failed. She said that Democratic members gothis message that the package was needed to stabilize markets and protect taxpayers from a financial collapse.

"Clearly, that message was not -- has not been received yet by the Republican Caucus, but, again, we extend a hand of cooperation to the White House, to the Republicans so that we can get this issue resolved for the benefit of America's working families, to strengthen our economy and therefore strengthen our country," she said.