POLITICS

Bush On Bailout: "We Have A Big Problem"

From CNN:
President Bush says there is no disagreement on the need for the $700 billion financial bailout plan and he again asked Congress for quick passage of the package. Bush said there are disagreements among lawmakers over details of the plan, but he said everyone agrees action is needed now. "We are going to get a package passed," he said. "We will rise to the occasion."

President Bush did start his approximately two minute address, by saying "we have a big problem."