Pelosi: 'We Are Committed To Quick, Bipartisan Action'

House Speaker Nancy Pelosi promised "quick, bipartisan action" once the administration sends over its proposal to help struggling markets.

"Once Congress receives the Bush Administration’s formal proposal, we will examine it expeditiously, "Pelosi said in a statement." As I told the President this morning, we are committed to quick, bipartisan action while ensuring that we uphold key principles -- insulating Main Street from Wall Street and keeping people in their homes by reducing mortgage foreclosures, restoring market confidence, and protecting American taxpayers from incurring hundreds billions of dollars of debt.

“Congress stands ready beyond the targeted adjournment date next week to consider legislative solutions and conduct necessary investigations to address this historic crisis.