Bernanke urging quick action on financial bailout (AP)

Courtesy Ytop stories  Tue, 09/23/2008 - 7:14am

Senate Majority Leader Harry Reid, D-Nev., speaks to reporters after members of Congress met with SEC Chairman Chris Cox, third from left, and Treasury Secretary Henry Paulson, fourth from left, House Speaker Nancy Pelosi, and Federal Reserve Board Chairman Ben Bernanke, right, Thursday, Sept. 18, 2008, in Washington.<br /><br />Democrats began the week by blaming President Bush for the financial crisis and said it was his job to fix it. But as the disarray became a meltdown and the entire U.S. economy was at stake, they pledged to work with Republicans on a bailout that could cost taxpayers hundreds of billions of dollars.<br /><br />The turnabout reflects the political crosscurrents buffeting lawmakers and the presidential candidates as they confront the gravest threat to Americans' standard of living since the Great Depression.<br /><br />(AP Photo/Lauren Victoria Burke)AP - Federal Reserve Chairman Ben Bernanke is urging Congress to quickly pass a $700 billion financial bailout, warning that letting problems persist would have dire consquences for the national economy.



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