The chairman of the US Federal Reserve has urged politicians to "act quickly" to support the proposed $700bn (£378bn) bail-out of the financial markets.
The US economy risked "very serious consequences" if measures were not taken, Ben Bernanke added.
Mr Bernanke said Congress must "address the grave threats to financial stability" which were being faced.
President Bush is to hold a prime time televised address to convince US citizens of the need for the bail-out.
On Tuesday politicians expressed strong scepticism about the bail-out following a five-hour Senate hearing on the plan.
Action by Congress is urgently required to stabilize the situation and avert what otherwise could be very serious consequences for our financial markets and for our economy More
US warns N Korea over nuclear move.
The US has urged North Korea to reconsider its decision to bar UN monitors from its main nuclear complex.
Secretary of State Condoleezza Rice said restarting its nuclear programme would deepen Pyongyang's isolation, but she added that talks were not dead.
The UN's atomic watchdog earlier said it had removed seals and surveillance cameras from part of the Yongbyon plant at North Korea's request.
The move comes amid a dispute over an international disarmament-for-aid deal.
A similar step in 2002 sparked a crisis which eventually resulted in Pyongyang testing a nuclear weapon in 2006.
The UN nuclear inspectors have been expelled from the most sensitive part of the Yongbyon facility; the reprocessing plant which can be used to make weapons-grade plutonium.More
Secretary of State Condoleezza Rice said restarting its nuclear programme would deepen Pyongyang's isolation, but she added that talks were not dead.
The UN's atomic watchdog earlier said it had removed seals and surveillance cameras from part of the Yongbyon plant at North Korea's request.
The move comes amid a dispute over an international disarmament-for-aid deal.
A similar step in 2002 sparked a crisis which eventually resulted in Pyongyang testing a nuclear weapon in 2006.
The UN nuclear inspectors have been expelled from the most sensitive part of the Yongbyon facility; the reprocessing plant which can be used to make weapons-grade plutonium.More
Subscribe to:
Posts (Atom)