Monday, September 22, 2008

Bush coaxes Congress to act quickly on Wall Street bailout package

WASHINGTON, Sept 22 (KUNA) -- President George W. Bush on Monday warned the U.S. Congress that failure to act quickly on an emergency plan to shore up the U.S. financial system would have broad consequences far beyond Wall Street.

"It would threaten small business owners and homeowners on Main Street," Bush said in a statement released to the news media.

Americans are watching to see if Democrats and Republicans, the Congress and the White House, can come together to solve this problem with the urgency it warrants, Bush said.

"Indeed, the whole world is watching to see if we can act quickly to shore up our markets and prevent damage to our capital markets, businesses, our housing sector and retirement accounts," he added.
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