Congress Sweetens Bill, Hopeful for Passage

Dreier told "GMA" that he held a telephone town hall meeting with members of his district and that one woman complained that the credit crisis had made it impossible for her to get a college loan for her daughter.

Wall Street icon Warren Buffett compared the fiscal meltdown to an "economic Pearl Harbor" during an interview on the "Charlie Rose Show" and said it was urgent for the government to act.

The U.S. economy is "like a great athlete that's had a cardiac arrest," Buffett said. "And the paramedics have arrived . . . They shouldn't start criticizing the patient. They should do what's needed right now."

Buffett has made his own prognosis on the economy. In recent days he has announced he will invest $3 billion in General Electric and $5 billion in Goldman Sachs.

Despite promising support building on the Republican side, some are worried that fiscally conservative House Democrats will not support the bill's tax cuts that are not paid for in the budget.

Some Worries Persist in House

Despite promising support building on the Republican side, some are worried that fiscally conservative House Democrats will not support the bill's tax cuts that are not paid for in the budget.

"I personally am not very happy about that. I think there are aspects of the package which make the debt worse," said House Majority Leader Steny Hoyer. "Debt is the problem, that's why we're here."

Hoyer said he will support the new package regardless, but feared some Democrats who supported the bill Monday might switch their votes.

"If I believe we don't have the votes on Friday, perhaps I'll wait until Saturday, and if we don't have them on Saturday, perhaps we'll wait until Sunday," the Democratic House leader said.

On Wednesday, President George W. Bush heralded the Senate version of the bill, arguing that it's better than the one that failed to pass the House 228-205 on Monday.

"It's very important for members to take this bill very seriously," Bush said while meeting with NATO Cmdr. Gen. McKiernan in the Oval Office. "It's very important for us to pass this piece of legislation so as to stabilize the situation, so that it doesn't get worse and that our fellow citizens lose wealth and work. ... the bill is different. It's been improved. And I'm confident it will pass."

Obama, McCain Pause Presidential Politics for Economic Crisis

McCain expressed confidence on the bill Wednesday, stressing the urgency of the bill's success in the Senate during a campaign event in Independence, Mo.

"I am confident there are enough people of good will in both parties to help see America through this crisis," McCain said. "And when the last vote is cast, we can be grateful to all of them -- Democrats and Republicans alike -- for helping to solve the crisis instead of merely exploiting it."

But, he continued, "If the financial rescue bill fails in Congress yet again, the present crisis will turn into a disaster."

Obama, McCain Depart Presidential Campaign Trail for Senate Vote

Obama also stressed necessity of the bill's passage.

"It is clear that this is what we must do right now to prevent a crisis from turning into a catastrophe."

Still, the big looming question remains: what will happen when the bill returns to the House on Friday for a second vote?

Senate Republican Leader Mitch McConnell expressed confidence in the Senate's work, but wouldn't bet on its prospects in the House.

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