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| Version 2 | Version 3 |
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| Shares slide amid bail-out fears | Shares slide amid bail-out fears |
| (30 minutes later) | |
| Shares in Asia opened lower amid uncertainty about the impact of the massive US financial bail-out plan. | Shares in Asia opened lower amid uncertainty about the impact of the massive US financial bail-out plan. |
| The falls followed a sharp slide in the US, where the administration has been discussing the $700bn (£382bn) rescue plan with lawmakers. | The falls followed a sharp slide in the US, where the administration has been discussing the $700bn (£382bn) rescue plan with lawmakers. |
| The White House says Congress must back the proposed bail-out to prevent wider economic harm. | The White House says Congress must back the proposed bail-out to prevent wider economic harm. |
| But doubts over the speed at which it can be introduced have emerged from both Democrats and Republicans. | But doubts over the speed at which it can be introduced have emerged from both Democrats and Republicans. |
| Many politicians appear alarmed by the scale and implications of the global financial crisis. | Many politicians appear alarmed by the scale and implications of the global financial crisis. |
| While most are anxious to find bi-partisan ways of getting behind the bail-out, others are critical of what they see as a waste of taxpayers' money, correspondents say. | While most are anxious to find bi-partisan ways of getting behind the bail-out, others are critical of what they see as a waste of taxpayers' money, correspondents say. |
| Oil surge | Oil surge |
| In the US on Monday, the Dow Jones index closed 372.75 points, or 3.3% lower, wiping out the gains made during Friday's rally. | In the US on Monday, the Dow Jones index closed 372.75 points, or 3.3% lower, wiping out the gains made during Friday's rally. |
| Banking shares were particularly hard hit. Many investors switched to commodities such as oil and gold. | |
| The falls came as US lawmakers held talks with the government on the proposed bail-out. | The falls came as US lawmakers held talks with the government on the proposed bail-out. |
| It allows US Treasury Secretary Henry Paulson to set up a fund to buy back much of the bad debt held by banks and financial institutions. | It allows US Treasury Secretary Henry Paulson to set up a fund to buy back much of the bad debt held by banks and financial institutions. |
| With the immediate sense of imminent collapse now passing, dissenting voices are beginning to emerge, says the BBC's Kevin Connolly in Washington. | With the immediate sense of imminent collapse now passing, dissenting voices are beginning to emerge, says the BBC's Kevin Connolly in Washington. |
| Contentious issues include limiting compensation for executives of rescued firms, wider help for American homeowners at risk of losing their homes and demands for oversight. | Contentious issues include limiting compensation for executives of rescued firms, wider help for American homeowners at risk of losing their homes and demands for oversight. |
| "The Bush Administration has called on Congress to rubber stamp its bail-out legislation without serious debate or efforts to improve it," said US Senate Majority Leader Harry Reid. "That will not happen," he said. | "The Bush Administration has called on Congress to rubber stamp its bail-out legislation without serious debate or efforts to improve it," said US Senate Majority Leader Harry Reid. "That will not happen," he said. |
| Richard Shelby, a senior republican on the Senate Banking Committee, also hit out at the plan. | Richard Shelby, a senior republican on the Senate Banking Committee, also hit out at the plan. |
| "It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted," he said. | "It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted," he said. |
| President George W Bush has warned that "failure to act would have broad consequences". | President George W Bush has warned that "failure to act would have broad consequences". |
| Both Mr Paulson and Federal Reserve Board Chairman Ben Bernanke are scheduled to testify before the Senate Banking Committee on Tuesday. | Both Mr Paulson and Federal Reserve Board Chairman Ben Bernanke are scheduled to testify before the Senate Banking Committee on Tuesday. |