President Bush is welcoming the $700 billion financial rescue deal reached by congressional leaders and his administration. He says the measure would help protect the nation’s economy from a systemwide breakdown. Bush says the cost to the economy could be disastrous without the rescue plan.

The details are being finalized Sunday, but the chief Senate Republican in the Wall Street bailout talks says they’ve “worked out everything.“ New Hampshire Senator Judd Gregg made the comment after House Speaker Nancy Pelosi announced a tentative deal shortly after midnight.

It looks as though we’ll head into the weekend without a bailout plan for the nation’s ailing financial markets. Intense efforts from both parties, and cheerleading from President Bush, have failed to produce an agreement. Now, lawmakers are putting in overtime. Christianne Klein has the latest.

Wrangling over America’s financial crisis intesified Wednesday. Lawmakers continued to voice doubts about a $700 billion bailout plan. So the President planned to talk to the nation, Wednesday night and rally support for the bailout. Christianne Klein has more.

After months of debate…House Democrats voted to go along with a Republican proposal to allow offshore drilling.

Lawmakers are headed to Washington, looking for answers on why federal response to two strong hurricanes is so weak. Many large areas are still in need of help. ABC News’ Diana Alvear has more as we take a look Across America.

Senate Democrats are proposing to add government help for homeowners and limits on executive compensation to the government’s $700 billion financial bailout of Wall Street.