In a rare prime-time address to the nation Wednesday night, Bush pushed lawmakers wrangling over the $700 billion bailout legislation to consider the consequences of inaction, stating that 'our entire economy is in danger.'

He warned of a looming 'financial panic,' and he said the legislative package must be enacted 'as soon as possible.'

'We are in the midst of a serious financial crisis, and the federal government is responding with decisive action,' Bush said. ....