Bush says action needed now on bailout

WASHINGTON (AP) - President Bush is making a fresh appeal for Congress to move quickly on his proposal for a $700 billion program to stabilize cascading financial markets.

Bush made a terse public statement outside the Oval Office Friday morning, the day after an apparent agreement on the broad outline of a relief bill fell apart.

The president said he expected that individual lawmakers would have disagreements about the details of the plan but said there is no choice but to act.

Bush said, "There is no disagreement that something substantial must be done."

Source: Associated Press