Money | The Bush administration presses the Senate on the urgency for its $700 billion financial bailout plan
by Emily Belz
Posted 9/23/08, 12:00 am
WASHINGTON, D.C.-Before a committee of senators from both parties, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke tried to explain how the financial markets toppled and why the $700 billion bailout plan would steady them.
"We need to enact this bill quickly and cleanly," said Paulson at the Senate Banking Committee hearing Tuesday morning, reiterating President Bush's call for immediate action.
But before he spoke, senators from both sides of the aisle expressed skepticism.