McCain says Congress must act right away on bailout

Mon Sep 29, 2008 5:30pm EDT
 
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WEST DES MOINES, Iowa, Sept 29 (Reuters) - U.S. Republican presidential candidate John McCain said on Monday Congress should get back to work right away on a Wall Street bailout bill the House of Representatives rejected.

"Now it's time for all members of Congress to go back to the drawing board. I call on Congress to get back obviously immediately to address this crisis," he told reporters.

"I speak to you in an hour of crisis for our nation's economy. I believe that the challenges facing our economy could have a grave impact on every American worker, small business owner and family if our leaders fail to act." he said.

The House of Representatives adjourned on Monday until Thursday after rejecting a $700 billion rescue plan for financial institutions. (Reporting by Jeff Mason; Editing by Peter Cooney)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
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