The Democratic presidential nominee said he would vote for the plan. However, he acknowledged the frustration that many Americans are feeling.
“I understand completely why people would be skeptical when President Bush called for a blank check to solve this problem,” he said.
"There will be time to punish those who set this fire, but now is not the time to argue about how it got set," Obama said. "Right now we want to put out that fire."
Obama said he would support the bill and urged his colleagues to "do what's right for the country at
this time, because the time to act is now."
Obama returned to Washington from a campaign event in Wisconsin and is expected to head to Michigan after the vote
“This will not solve all our problems," he said. "It is a necessary but not sufficient step."
Sen. John McCain is also expected to return to the Senate for the vote.