Shelby-US bailout plan could cost up to $1 trillion

WASHINGTON, Sept 19 (Reuters) - Republican Sen. Richard Shelby said on Friday a U.S. plan to sooth battered financial markets could cost up to a trillion dollars.

"We don't know how much this is going to cost," Shelby said in an interview on ABC's "Good Morning America.

"It's probably $500 (billion) to a trillion dollars and that's going to visit the taxpayers sooner or later; it's either going to be a debt charged to all of us or to all our children," said Shelby, the senior Republican on the Senate Banking Committee. (Reporting by Deborah Charles; Editing by James Dalgleish)