September 20th, 2008
09:30 AM ET
6 years ago

Bush says $700 billion bailout matches size of problem

Bush said Saturday the risk of doing nothing is too great not to act.
Bush said Saturday the risk of doing nothing is too great not to act.

WASHINGTON (CNN) - President Bush said Saturday that the $700 billion package he is recommending to help the financial sector matches the size of the problem.

"It is a big package because it's a big problem," he told reporters at a joint news conference with Alvaro Uribe, the president of Colombia.

"The risk of doing nothing far outweighs the risk of the package," he said at a news conference.

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Filed under: Economy • President Bush
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