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Bailout plan agreed on

Congressional leaders and the White House agreed on a $700 billion rescue of the financial industry on Sunday, according to the Denver Post.

This will be the biggest bailout in U.S. history if the vote passes the House on Monday.

"Without this rescue plan, the costs to the American economy could be disastrous," Bush said in a written statement released by the White House given to the Post.

According to the New York Times, the decision faced much resistance from Republican and Democratic lawmakers.

Bush thought Congressional leaders did a good job and said it was "a very good bill."

The bill will disburse the $700 billion in parts, starting with $250 billion.

"This is something that all of us will swallow hard and go forward with," said Republican presidential nominee John McCain, according to the Denver Post.