The U.S. government will use "all tools at our disposal" to protect the U.S. financial markets and the economy, said a Treasury spokeswoman on Sunday after the House rejected the bailout plan.
Treasury Secretary Henry Paulson, an advocate of the rescue plan, "will be consulting with the president, the chairman of the Federal Reserve, and congressional leaders on next steps," said Treasury spokeswoman Michele Davi.
"In the meantime, we stand ready to work with fellow regulators and use all the tools at our disposal, as we have over the last several months, to protect our financial markets and our economy," she said.
Earlier, White House said President George W. Bush was "very disappointed" at the result.
"There's no question that the country is facing a difficult crisis that needs to be addressed," White House Spokesman Tony Fratto told reporters.
He said the president will be meeting with members of his team later in the day "to determine next steps."
Source: Xinhua
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