Politics | September 22, 2008 | 0 comments

Politics complicates financial bailout

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Threat of collapse forces Democrats to work fast with GOP

Democrats began the week with a you-break-it-you-buy-it approach to the financial crisis: It's President George W. Bush's fault, let him fix it.

But disarray approached a meltdown and possible collapse of the entire economy. Only then did the Democrats, who control Congress, and presidential candidate Barack Obama pledge to work with Republicans on a bailout that the Bush administration puts at $700 billion.

They also are seeking help for the unemployed and people who are at risk of losing their homes. Bush is admonishing them that "the cleaner the better" for legislation he hopes Congress approves in the week ahead.

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    Politics,   Money
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    Politics Economy Finance Business 23 more
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