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Old 09-22-2008, 07:17 AM  
kenny
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http://ap.google.com/article/ALeqM5i...k_nPQD93BQGC80


WASHINGTON (AP) ? President Bush and leading Democrats differed Monday on just how quickly Congress should pass legislation stabilizing the country's troubled financial system.

Bush issued a statement at the White House saying "the whole world is watching" how the U.S. government addresses the business turmoil that has roiled markets here and abroad.

He spoke not long after the heads of two congressional committees taking the lead on the bill in a crisis atmosphere went on national television to urge that lawmakers work with care, patience and the taxpayers in mind.

For his part, Bush acknowledged that "obviously, there will be differences over some details, and we will have to work through them. That is an understandable part of the policy making process."

But he also said "it would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan."

Some Democrats are seeking, nevetheless, to add provisions to the massive rescue bill, such as limiting pay for executives of the troubled companies in need of the bailout. And Rep. Barney Frank, chairman of the House Financial Services panel, accused Treasury Secretary Henry Paulson of pushing too hard to get out a bill quickly.
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