Both support raising the deposit insurance limit from $100,000 to $250,000
WASHINGTON - Presidential rivals Barack Obama and John McCain on Tuesday appealed for bipartisanship on a plan to save America's collapsing financial sector at the same time they accused each other of supporting policies that would make a bad situation worse.
Both avoided calling the plan a bailout a day after the stock market chalked up a record one-day point decline as Congress rejected the $700 billion rescue effort. They separately proposed that the government insure consumers' bank deposits up to $250,000, over the current $100,000 limit, to boost Americans' faith in weakened banks.
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