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White House says has votes to pass bailout bill

WASHINGTON
Mon Sep 29, 2008 1:24pm EDT

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House to vote on bailout

Mon, Sep 29 2008
President George W. Bush makes a statement about the economic bailout package from the White House in Washington September 29, 2008. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - The Bush administration believes it has enough votes in Congress to pass the $700 billion package aimed at rescuing the U.S. financial system despite some opposition by lawmakers, a White House spokesman said on Monday.

Barack Obama

"I think we're going to have a sufficient vote to pass this, we're certainly confident that we are," said White House spokesman Tony Fratto. "We're not taking it for granted, these are very legitimate concerns and questions that members have."

Asked if the package was sufficient to address the problem, Fratto said the White House believes "it is the right size."

(Reporting by Jeremy Pelofsky; Editing by James Dalgleish )



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