Bush confident Congress will quickly pass bailout

UNITED NATIONS (AP) -- President Bush is trying to assure world leaders that his government is acting decisively and quickly to contain a financial crisis.

In a speech Tuesday at the annual U.N. General Assembly, the president said he realizes that other nations are watching how the United States deals with the financial meltdown that is shaking the global economy. He said that his administration is working with Congress to come to fast agreement on a $700 billion bailout bill, in addition to other recent actions he called "bold steps" aimed at stabilizing markets and keeping credit flowing.

Bush said he is confident that the U.S. will act "in the urgent timeframe required" to prevent broader problems. He did not ask for any action by other countries.

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


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