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.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.