On Bush's Speech on the Crisis in Financial Markets

In his speech tonight, the President presented a long overdue assessment of the state of the economy and the urgent need for legislation to respond to the financial crisis.

I was pleased that the President acknowledged the improvements Congress has made to his original proposal, which was unacceptable.

In Congress, we are committed to passing bipartisan legislation that will stabilize the markets, protect taxpayers, establish tough oversight, and curb excessive CEO compensation. And we will pass it soon.