Chambliss, Isakson Statement on Status of Financial Rescue Plan

.S. Senators Saxby Chambliss, R-Ga., and Johnny Isakson, R-Ga., today made the following statements regarding the House’s rejection of the financial rescue plan.

“Obviously the House vote today puts everything in a state of uncertainty and complicates the issue of whether or not the Senate will vote on a financial rescue plan, and I am certainly concerned about the way the markets have responded to today’s vote,” said Chambliss. “I believe failure by Congress to take action on the current financial crisis in the right way will have serious repercussions on Main Street. Something must be done, but any proposed legislation must protect our citizens and taxpayers and their economic well being first and foremost.”

“This is the most important issue we’ve faced in a half-century. Our country is struggling. Doing nothing is unacceptable,” Isakson said. “I hope cooler heads will come to the table so we can move forward with a proposal that is in the best interests of the American people, their savings and their future.”