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WASHINGTON (MarketWatch) — Repeating that the U.S. economy is at a “critical
moment,” President Bush again urged lawmakers to approve a rescue plan for the
financial markets on Tuesday. A day after a vote on the plan failed in the House,
Bush said the legislative process for the plan isn’t over. He said the economy is
depending on “decisive action” from the government and said inaction would result
in “painful and lasting” damage to the economy.

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Technorati Tags: Critical Moment, Decisive Action, Economy, Financial Markets, Financial Rescue Plan, Inaction, Lawmakers, Legislative Process, President Bush, Vote