Bush signs $600 billion stopgap bill Wed, 01 Oct 2008 02:11:16 GMT
US President George W. Bush signs a government expenditures bill topping 600 billion dollars after his economic relief plan fails.
After Bush's banking bailout scheme failed, the president endorsed a budget bill of 600 billion dollars to fund his administration's activities for the next six months, AFP reported.
Referring to his rejected plan to rescue Wall Street, Bush said, “I am disappointed that the Congress passed a long-term continuing resolution. There is much work to be done, and the Congress should not adjourn for the year without finishing important business on spending, taxes, and free trade agreements.”
The Congress rejected Bush's economic rescue plan to revive the country's ailing investment and money markets due to unclear points in parts of the scheme.
The United States' financial crisis began after the housing market slumped precipitously.