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Bush Implores Congress to Act to Rescue Markets

President Bush said Tuesday that the economic damage to the nation will be 'painful and lasting' if Congress fails to pass a $700 billion bailout bill.

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This Story A Two-Pronged Push To Aid Ailing Banks Article \| Two federal agencies moved yesterday to ease the financial pressure on banks even as Congress continued to debate the wisdom of a broader intervention. Bargain Hunters Set Stocks Soaring House Rejects Financial Rescue, Sending Stocks Plummeting Transcript: Bailout Bill: What's Next in Congress and on Wall Street Wednesday, Oct. 1 at 11 a.m. ET: Pearlstein: The Economic Crisis Vote Underscores Bush's Loss of Influence THE BACKLASH: For Many Americans, Fear and Distrust Run High Treasury, Fed Low on Rescue Options WORLD MARKETS: As Contagion Spreads, Moods Abruptly Shift BANKING CRISIS: Wachovia Is Sold As Depositors Flee A New Equation in Local Banking Pearlstein: They Just Don't Get It A Record Fall on Wall St. Economy Shows New Weak Spots Probe Into Fannie Mae, Freddie Mac Widens Young Chinese Rethink U.S.-Style Capitalism Congress Approves $700B Bailout Legislation Bush Implores Congress to Act to Rescue Markets Raw Video: House Defeats Financial Bailout Timeline: Crisis on Wall Street Dow Jones Industrial Average How the Bailout Vote Breaks Down by State New Banking Landscape Graphic: A World of Uncertainty Spreading Distrust This Story Lawmakers Revise Rescue Plan Article \| Prodded by a wave of angry calls from constituents, congressional leaders dialed back partisan bickering over the $700 billion Wall Street rescue plan yesterday and advanced modest changes to the legislation in an effort to win over House Republican holdouts. ANALYSIS: Rescue Package Not the Only Loser In House's Vote Those Up for Reelection Have Explaining to Do Congress Approves $700B Bailout Legislation Reaction: Bailout Bill Fails Bush Implores Congress to Act to Rescue Markets A Midwestern Republican Who Voted Against The Plan Is Blasted for 'Inaction' by Opponent Bush's Warnings of Danger Are No Longer as Powerful This Story A Two-Pronged Push To Aid Ailing Banks Article \| Two federal agencies moved yesterday to ease the financial pressure on banks even as Congress continued to debate the wisdom of a broader intervention. Crisis Felt Unevenly on Main Street Bargain Hunters Set Stocks Soaring Mutual Distrust Freezes Lending Among Banks Financial Hubs See an Opening Up at the Top Global Bankers Anxiously Watch U.S. Fannie and Freddie Break Up Their Powerhouse Lobbying Operations Congress Approves $700B Bailout Legislation Bush Implores Congress to Act to Rescue Markets Wednesday, Oct. 1 at 11 a.m. ET: Pearlstein: The Economic Crisis Spreading Distrust		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace del.icio.us NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this video		More on washingtonpost.com • More Nation News » washingtonpost.com
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