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WASHINGTON, Sept. 28 (UPI) -- Democratic U.S. presidential hopeful Barack Obama said Sunday he is leaning toward supporting a Wall Street bailout deal pending in Congress.
In an appearance on CBS's "Face the Nation" program, the Illinois senator said the tentative plan ironed out by congressional and White House negotiators includes oversight, an opportunity for taxpayers to make a return on the financial sector rescue and help for Americans facing foreclosure, among other things.
"Ultimately, I believe that we have to get something done. And so if I feel that those are meaningful provisions that provide some constraints on how the treasury operates and this is not going to be welfare for Wall Street, then my inclination is to support it, because I think Main Street is now at stake," Obama said.
He added that Congress needs to act quickly.
"I think this situation is pretty bad," Obama said. "You don't know exactly how the market might react. You don't know -- since you've got worldwide actors doing all kinds of things."
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