Bush pledges rescue deal

President George Bush pledged today that the United States would “rise to the occasion” and pass a “substantial” rescue plan for the nation’s economy.

Mr Bush said the legislative process “was not pretty” after emergency White House talks and negotiations on Capitol Hill ended in disarray yesterday.

But he insisted that Democrats and Republicans would come together and get a plan passed in a bid to stave off financial panic and a “long and painful recession”.

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