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WASHINGTON (MarketWatch) — President Bush strongly urged lawmakers to pass his administration’s $700 billion bailout for the financial markets on Wednesday, spelling out risks to the U.S. economy if Congress doesn’t act quickly. “We’re in the midst of a serious financial crisis,” Bush said in a nationally televised address. “Our entire economy is in danger,” he said. He said the plan would help get credit flowing again and sought to reassure Americans that the government would get back the taxpayer money it spends.

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Technorati Tags: Bailout, Congress, Economy, Financial Crisis, Financial Markets, Financial Rescue Plan, Lawmakers, Marketwatch, Midst, President Bush, S 700, Taxpayer Money