WESTMINSTER, Colo. (AP) -- Democrat Barack Obama says he's confident Congress will eventually work out a bailout for the hobbled financial industry even though the House rejected the latest plan.
The presidential candidate said, "I'm confident we're going to get there, but it's going to be rocky."
The House voted down the $700 billion bailout bill Monday, and panicked investors sent the stock market plunging as they realized no immediate help was coming from Washington.
Obama said he talked with Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi and other leaders, who were trying to figure out the next step.
(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.
Questions may be sent to email@example.com. Please provide detailed information.