McCain to House GOP: "We need a deal"

ABC News' Jonathan Karl Reports: John McCain made an urgent appeal to House Republicans at their 9:30 leadership meeting Friday morning.

A senior House GOP leadership aide involved in the negotiations described McCain's message this way, "We need a deal.  We need a deal.  We need a deal."

Friday's debate is clearly a factor in the urgency of McCain's appeal:  "As long as we have the broad framework of a deal he can go to the debate and claim he did his job."

After the meeting, Rep. Spencer Bachus, R-Ala., and House Republican Whip Roy Blunt were dispatched to resume negotiations with House Democrats. 

House Republicans seem poised to cave on this (says one House Republican, "We don't want to be seen as obstructionists"), although they have been assured that some of their ideas can be incorporated into the final deal. 

Specifically, House GOP leaders want the bill to include federal mortgage insurance as an alternative to the wholesale buying of mortgage securities.

A key factor for the House Republicans is the price tag of the bailout.  "The $700 billion number has got to come down."

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