Bush pledges to quickly sign bailout bill - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Bush pledges to quickly sign bailout bill

WASHINGTON (AP) - President Bush says he will quickly sign a massive $700 billion bailout bill for the financial industry into law, applauding Congress for clearing the measure.

Bush appeared outside the White House in early afternoon, not long after the measure was passed by the House 263 to 171. That represented the final stage of the legislative process.

The president said he believes in a free-market system and that the government should intervene "only when necessary." He said he thought it represented "decisive action" by Washington to ease the widening credit crunch across the country.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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