Sen. Richard Shelby, ranking Republican on the Senate Banking Comittee: "It will not solve problems, it will create more problems."
Chris Dodd, chairman of the Senate Banking Committee: "I'm not quite sure what John McCain said at the meeting. He said something. ... He had no indication he was for any particular plans. I don't know where he is on all of this"
Republican aides: there is still major opposition to the "agreement on fundamental principles."
Sen. Richard Shelby, R-Alabama: "we will not have a deal."
Boehner, R-Ohio, has tapped a group of House Republicans to develop alternative ideas.