Bush urges Congress to pass quick relief bill

WASHINGTON (AP) -- Pressuring Congress, President Bush says the "whole world" is watching to see if Republicans and Democratic lawmakers can quickly agree on a plan to halt a financial meltdown without adding extra elements to the legislation.

Bush's move Monday came as some leading congressional Democrats called for a cautious, deliberative approach to stabilizing troubled financial markets. Some Democrats are seeking to add provisions to the massive rescue bill, such as limiting pay for executives of the troubled companies in need of the bailout.

The president said such efforts would "undermine the effectiveness of the plan."

Bush added: "Indeed, the whole world is watching to see if we can act quickly to shore up our markets."

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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