& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Financial Bailout Talks in Disarray

Bush asks Congress to stop bickering, clinch deal swiftly

AFP, Washington
US President George W. Bush urged lawmakers yesterday to set aside differences and swiftly pass a huge rescue plan to pull the rattled financial sector back from the brink of collapse.
'We need a rescue plan. It's hard work. Our proposal is a big proposal. And Lite reason it's big and substantial is because we've got a big problem,” Bush said in a televised statement, once again stepping into crisis.
His plea followed a night of political drama after unprecedented crisis talks at the White
House with Republican White House hopeful John McCain and his Democratic rival Barack Obama and other top lawmakers failed to yield a breakthrough on the 700-billion dollar rescue plan.
Wall Street stocks sank again on Friday after sharp losses in Asia and Europe as markets were again roiled by the lack of a deal, already seven days in the making.
But Bush sought to ease international fears about the world's biggest economy. "The legislative process is sometimes not very pretty, but we are going to get a package passed," he vowed.
"We will rise to the occasion,
Republicans and Democrats will come together and pass a substantial rescue plan.
"There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done," Bush said.
Pressure Intensified for a deal to help soothe the US financial sector after the collapse overnight of Washington Mutual, the largest bank failure in US history.
McCain rushed to Congress early Friday for more talks on the crisis, as a deadline loomed for him to decide whether to take part in the first presidential debate of the
election campaign with Obama in Mississippi.
McCain was under fierce pressure after barnstorming into the center of delicate negotiations on the 700 billion dollar bailout package, as Obama made plans to leave for the southern state come what may.
House speaker Nancy Pelosi Insisted a bailout deal "will happen, because it has to happen."
"I would hope that we could come to an agreement In the next 24 hours, so we can put the bill in writing and bring it to the floor," Pelosi told ABC television. But "that's really up to the Republicans," she said.
But Democrats have accused some Republican rivals of holding up the rescue deal by brandishing an llth-hour "ambush plan" of their own.
The Republican plan proposed that the government would "set up an expanded insurance system, financed by the banks, that would rescue individual home mortgages," wrote the Washington Post daily.
"The government would not have to buy up the toxic mortgage-backed assets that are weighing down financial institutions," according to the Post.
A housing sector that is going through its worst slump in decades and a credit crisis that has strangled mortgage lending are at the heart of the meltdown in the financial sector.
US Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke have already rejected a similar plan, the newspapersaid.
Democrat Barney Frank, chair-man of the House of Representatives financial services committee, accused the Republicans of not making "a serious effort" to find a way out of the crisis.
"If the Republicans had right away come up with alternatives a week ago, the House Republicans, that might have been serious," a frustrated Frank told CNN early Friday, saying the new plan was one page with a series of bullet points.
"This is a kind of ambush plan that doesn't come out until yesterday afternoon," Frank said.
"It's not a serious effort... we can't get Senator McCain to say
whether he's for it or against it. The Republican Party is in such a complete shambles that it's hard to do anything serious," he railed.
Frank said McCain may have urged Republicans to play along with his presidential campaign playbook instead of working to defuse the financial woes.
"I think he encouraged them ... We were having serious conversations and we knew the House Republicans had some political problems, everybody does ... But for McCain to use this as an excuse not to debate is ludicrous," said Frank