President George Bush says a government rescue plan for the U.S.
financial system has been "improved" and he is confident it will pass
the Senate tonight (Wednesday night).
Mr. Bush urged lawmakers to take the measure "very seriously" and to
pass it to stabilize the financial system and keep Americans from
losing more money.
The Senate is considering a revised version of a 700 billion-dollar
plan that the House of Representatives rejected on Monday. Mr. Bush
said another House vote is set for Friday morning.
The new plan is said to include provisions to raise the limit on
government insurance for bank deposits, and offer tax breaks for
individuals and businesses.
Senate Democratic leader Harry Reid told journalists he is confident
the changed bill will attract votes from both parties.
Senate leader Mitch McConnell said Senate approval will make it easier
to get the measure through the House.