Paulson vows continued efforts on rescue plan
Associated Press
WASHINGTON — Treasury Secretary Henry Paulson says the administration will continue to work to win approval in Congress for a rescue package for the financial system.
Paulson, speaking with reporters after a White House meeting, said that the administration was intent on getting legislation approved after the House rejected a $700 billion bailout plan today, sending stock prices plummeting on Wall Street.
Paulson said that it was important to get approval of a measure as soon as possible and the administration was committed to working with congressional leaders to get that done.