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$700 Billion Bailout Bill Dead On Arrival; Bush Urges Action

The day after the Congress failed to pass a $700 billion financial bailout plan, writes The New York Times, "President Bush urged lawmakers again on Tuesday to quickly approve a financial bailout plan. ... 'We are at a critical moment for our economy,' he said, adding, 'Congress must act.' "

And since a presidential election is just weeks away — Sens. John McCain and Barack Obama "have urged Congress to make another attempt, even as they announced additional proposals they said would help shore up public confidence in the nation's financial system."

The AP calls the bailout quagmire a political dead end for McCain. Do you agree? Register below, and tell us what you think.

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