'Reason must prevail' over bailout
Updated on 30 September 2008
George Bush says the bailout plan must go through, as Gordon Brown says that reason must prevail and it's Congress's duty to vote it through. Where now from here?
Gordon Brown told Channel 4 News just before we came on air tonight that "we are in stormy uncharted waters".
This on a day in which Washington was awash with horse-trading and plan-making, and London was gripped by the collapse in HBOS shares as the Lloyds takeover began to wobble, with serious implications for our own financial system.
Tonight as the markets await the politicians, we have been on the mean street that is Wall Street capturing the immediate mood.
Markets rally, but banks under stress
Our economics correspondent Faisal Islam reports on the continuing stresses on the markets, which today prompted the Irish to guarantee bank deposits.
Brown 'we're in uncharted waters'
Jon Snow talked to the Prime Minister Gordon Brown about how President Bush has been talking again in robust, almost scary, terms about the consequences of failing to pass a bailout plan.
How bad did Brown see it?
The view from the US
President Bush has warned that the repercussions from the rejection of the financial package could be "long and painful".
But he said he wanted to reassure Americans and people around the world that the legislative process hadn't ended. And the White House said it was "very hopeful" a deal could be done this week.
Our Washington correspondent Sarah Smith reports on the search for a deal:
