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Congress aims to get bailout to Bush by Friday: Senator Schumer

NEW YORK
Sat Sep 20, 2008 5:06pm EDT
A man walks across the Washington Mall in front of the U.S. Capitol Building during spring rainfall April 28, 2008. REUTERS/Jason Reed

NEW YORK (Reuters) - New York Democratic Sen. Charles Schumer said on Saturday that Congress hopes to pass this week the Bush administration's $700 billion financial markets rescue plan.

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"The aim is to get this on the president's desk by Friday," Schumer, the chairman of Congress' Joint Economic Committee, said at a news conference.

Schumer said Congress is working with U.S. Treasury Secretary Henry Paulson on "filling in the blanks" on the proposed legislation. "A number of options are being considered, including some kind of supervisory authority," he said.

(Reporting by Kristina Cooke, editing by Jackie Frank)
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