Bush says Congress must pass financial rescue bill

Story Created: Oct 1, 2008 at 2:28 PM EST

Story Updated: Oct 1, 2008 at 2:28 PM EST

WASHINGTON (AP) - President Bush is telling the Senate to take
the financial rescue package "very seriously" and to pass it.

Bush told reporters Wednesday that he is confident that the measure will be approved in the Senate later in the day. He said the House is voting Friday.

The president says the bill is improved from its earlier version, including addition of a temporary increase in federal deposit insurance.

Bush said that it is very important for lawmakers to pass the bill to get credit flowing again and keep the nation's economic picture from getting worse.

(Copyright 2008 by The Associated Press. All Rights Reserved.)
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