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Bush has appealed for support for a 700-billion dollar financial bailout being negotiated with the US Congress. In a nationally televised address, Bush warned that the financial crisis could push the economy into a long-term recession if the government does not act now. Meanwhile, Bush has invited presidential rivals John McCain and Barack Obama to the White House on Thursday to discuss the $700bn rescue package. The rivals have disagreed on delaying a TV debate over the economic turmoil. McCain says he is suspending his campaign to help with the crisis, but Obama says voters now need to hear from the candidates more than ever. The two men will attend a meeting with administration officials and congressional representatives on Thursday in a bid to broker a mutually acceptable bail-out deal.
(Deutsche Welle)
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