Photo: #U.S. President George W. Bush makes a statement on financial bailout legislation at the South Drive of the White House. The House was set for a vote on the bailout legislation soon for the $700 billion bailout in order to prevent the nation from going into a financial crisis.
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U.S. President George W. Bush makes a statement on financial bailout legislation at the South Drive of the White House. The House was set for a vote on the bailout legislation soon for the $700 billion bailout in order to prevent the nation from going into a financial crisis. (Photo by Alex Wong/Getty Images)

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President Bush urges passage of the bailout

Broadcast: Midmorning, 09/29/2008, 9:06 a.m.

President Bush urged Congress to vote for the compromise bailout package Monday. He said the cost may not be as high as $700 billion. But critics say the proposal puts too much power in the hands of government, specifically the Secretary of the Treasury.

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