Congress agrees rescue package
Huddersfield Daily Examiner (Huddersfield, England), Sept 29, 2008
THE United States Congress could pass a pounds 380 billion rescue package to help solve the nation's economic crisis as early as today.
President George Bush said the deal, agreed by Democratic and Republican negotiators on CapitolHill, was "urgently needed to address a crisis in our financial system that threatens the entire US economy".
Mr Bush praised the spirit of bipartisanship and said the bill "provides the necessary tools and funding to help protect our economy against a system-wide breakdown".
"The bill will help allow access to credit so American families can meet their daily needs and American businesses can make purchases, ship goods, and meet their payrolls," the president added.
"And this plan sends a strong signal to markets around the world that the United States is serious about restoring confidence and stability to our financial system."
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