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The Honolulu Advertiser
Updated at 11:24 a.m., Monday, September 29, 2008

Paulson vows continued efforts on rescue plan

Associated Press

Hawaii news photo - The Honolulu Advertiser

Treasury Secretary Henry Paulson briefs reporters at the White House in Washington after his meeting with President Bush regarding the defeated $700 billion bailout bill, Monday, Sept. 29, 2008.

AP Photo/Charles Dharapak

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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.