Wednesday, September 24, 2008

In Televised Address, Bush Asks Nation To Back Wall Street Bailout

President Bush will address the nation Wednesday night on the financial crisis in hopes of persuading a skeptical public to support a $700 billion plan to rescue America's financial system.

The prime-time, televised speech, scheduled for 9 p.m. Eastern time, was announced by the White House, which said the administration and Congress are moving toward agreement on legislation enabling the bailout.

Republican presidential candidate John McCain disputed that assertion and announced he would suspend his campaign Thursday and return to Washington, D.C., to help work out a deal.

The senator from Arizona also called for the postponement of a debate scheduled for Friday night in Mississippi with his Democratic opponent, Sen. Barack Obama (Illinois), but Obama rejected that idea this afternoon.

Source: http://freeinternetpress.com

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