September 20, 2008 Bush: Federal dollars will help to stabilize American economy Play video

(NECN/ABC) - President Bush declared Saturday that he believes a massive federal bailout of the nation's financial markets was the right thing to do.

The following video is raw from Saturday morning in Washington DC.

Speaking at a White House news conference with the visiting President of Colombia, Mr. Bush said his plan to use more than 500 billion federal dollars will help to stabilize the American economy.