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Chambliss: Republicans Still In Shock Over Cost Of Bailout

Republican Sen. Saxby Chambliss told reporters that many of his colleagues were still stunned by the cost of the administration's proposed bailout plan when they met with Treasury Secretary Henry Paulson Tuesday afternoon.

“Everybody was still in a state of shock, number one that this was happening and two at the size of the amount of money it may take to make this plan work,” said Chambliss.

“Everybody was just asking questions about the details.”

Chambliss said Paulson urged Congress to act quickly on the plan.

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