Obama campaign calls on Congress to act
Washington - Presidential candidate Barack Obama called Monday on congressional Democrats and Republicans to work together to complete legislation to rescue the financial industry to prevent "an economic catastrophe."
Obama's campaign released a statement hours after the House of Representatives voted 228-205 against President George W Bush's 700- billion-dollar bailout package.
The failure in the lower House showed why US voters are "disgusted" with the leadership in Washington, campaign spokesman Bill Burton said.
"Now is the time for Democrats and Republicans to join together and act in a way that prevents an economic catastrophe," Burton said.
"Every American should be outraged that an era of greed and irresponsibility on Wall Street and Washington has led us to this point, but now that we are here, the stability of our entire economy depends on us taking immediate action to ease this crisis."
Obama is the nominee of the centre-left Democratic Party.
Republican nominee John McCain was due to make a statement later. McCain had last week left the campaign trail to return to Washington to work on the emergency legislation.
Both candidates hold a vote in the Senate and have said they would support the rescue package. (dpa)