Congress Mulls $1 Trillion Economic Bailout
-- The 50 States, 50 Days tour spent part of Day 5 in Washington, D.C. as the Bush administration announced plans of a massive government bailout of Wall Street that could cost American taxpayers in the neighborhood of $1 trillion.
On Good Morning America, Senate Banking Committee Chair Chris Dodd, D-Conn., stressed that both parties would work together to find a solution but emphasized that the "total meltdown of the financial market" was "avoidable."
Dodd appeared with ranking member Sen. Richard Shelby, R-Ala., who stressed the need for more information. "Is this their super-plan?" he asked. "We want to see the details…this is not a done deal yet, but we know there's a crisis, there's stress in the financial markets."