Bush will give prime-time speech on economy - Spokane, North Idaho News & Weather KHQ.com

Bush will give prime-time speech on economy

WASHINGTON - President Bush plans to make a case to the American people for his administration's massive financial rescue plan tonight at 6 p.m.


Watch live streaming video of the President's address online at KHQ.com.

The $700 billion bailout plan is proving to be a tough sell on Capitol Hill. Press secretary Dana Perino says the president believes it's important that everyone "fully understand the depths of the crisis" and how it affects them.

The meltdown of several financial institutions and the intense negotiations with Congress over the bailout package led the president to make an early return from a three-day stay in New York, where he was attending the U.N. General Assembly. He's also canceled a planned fundraising trop to Florida.

Skepticism on Capitol Hill has come from both parties, including conservative Republicans unhappy with the high price tag and unprecedented government intervention into private markets.

(The Associated Press contributed to this story.)

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