The two candidates for the White House, Barack Obama and John McCain, have made urgent calls to revive a 700-billion-dollar financial bailout.
They echoed the warning of President George W. Bush that ordinary Americans also face catastrophe if Congress fails Bush warning over bail-out delay ...
Bush optimistic about rescue plan ...
Bush optimismistic about rescue plan ...
Bush optimismistic about bailout plan ...
Taro Aso elected as Japanese PM ...
McCain awaits nomination after storm ... to act. Bush addressed the country on Tuesday. He said he was disappointed by the rejection and that the economic damage to the US would be "painful and lasting" if Congress fails to pass a rescue package. Bush reassured the US citizens and citizens around the world that this was not the end of the legislation process. Stock markets in Europe and the US have rallied despite the uncertainty, posting strong gains of more than one percent.
(Deutsche Welle)
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