Presidential candidates Barack Obama and John McCain both called President Bush on Tuesday morning to discuss attempts in Congress to pass an economic rescue plan, the White House said.
“They offered constructive ideas,” said White House spokesman Tony Fratto. “The president appreciated hearing from them.”
Obama spokesman Robert Gibbs said the Democratic nominee spoke to the president specifically about his plan to increase the limit for banking insurance offered by the Federal Deposit Insurance Corporation from $100,000 to $250,000.
“They spoke about the need to push for a package that Congress can agree on. Senator Obama specifically brought up his proposal to increase the amount of money that is federally insured in order to more fully protect small businesses and families concerned about their savings, believing that such a proposal can broaden the coalition supporting the package,” Mr. Gibbs said.