Washington seems once again on the verge of a bailout blowup that could shake the markets and the economy.

After the vote, the House adjourned, aides saying they will return next week if the Senate can come to an agreement. But such an accord will not come easy. In fact the House bill was pronounced DOA in the Senate six hours before the House even voted on it…

In an eerie replay of the events that led to the initial Wall St. bailout flop, congressional Democrats got the White House’s blessing on a bill only to discover (yet again) that the outgoing President doesn’t carry much weight on Capitol Hill. “The White House does not vote in the Senate,” said one Senate GOP aide. “It’s offensive to many congressional Republicans that they’d choose working with a lame duck than with their colleagues.” (Many Democrats counter that the door was always open to the Republican senators — but that they simply chose not to come to the table.)