McConnell: We're "not Leaving" Until Bailout Is Passed

Senate Minority Leader Mitch McConnell said the Senate still intends to move ahead -- although he doesn't know when.

"We're not leaving town until this is fixed," he just told reporters.

McConnell declined to point fingers over the failure of the bailout bill in the House Monday afternoon.

Instead, McConnell pleaded for quick action.

“Let’s fix the problem instead of fixing blame,” McConnell said.

McConnell said today’s record-breaking losses on Wall Street only underscore the need for immediate action.

“The reaction of the markets makes it clear if anybody had any doubts…that taking no action at all was acceptable,” he said.

Republican Sen. Judd Gregg agreed with McConnell.

“The stock market this afternoon really put a punctuation mark on how much risk there is here and how important it is to take action,” he said.