Republican Sen. Elizabeth Dole says she remains "skeptical" of a $700 billion bailout that the White House and Congress is considering for the nation's struggling financial industry.
Dole called it an "absolutely staggering sum of money" that could leave taxpayers covering the costs of irresponsible Wall Street decisions. The North Carolina senator, who faces reelection for the first time in November, did not detail what she thought lawmakers should do.
Dole sits on the Senate committee that oversees the nation's banking industry.
Her Democratic rival, Kay Hagan, says the final package must ensure that "investors and CEOs who reaped massive profits during the boom will not be allowed to continue to draw massive payouts during the bust."