U.S. President George Bush held a White House meeting Thursday with the
two candidates hoping to succeed him in the November election to
discuss the financial crisis.
Flanked by Democrat Barack Obama, Republican John McCain and
congressional leaders, Mr. Bush said he expected agreement shortly on
his 700-billion dollar financial rescue plan.
He said something has to get done as quickly as possible or there will
be serious economic crisis.
The White House meeting came just hours after congressional leaders
said they have a "fundamental agreement" on a massive bailout of the
troubled financial sector.
Their deal includes restricted compensation for executives of failed
financial firms along with strong oversight measures to prevent another
The chairman of the Senate Banking Committee, Democrat Christopher Dodd of the eastern state of Connecticut, said Thursday he thinks Congress
would be able to pass legislation in the next few days.
Minority Leader, Republican John Boehner of the central state of Ohio
says no final decisions have been made. Other lawmakers say they still
have many concerns.