President Bush on Friday acknowledged that there are disagreements holding up the proposed $700 billion financial market bailout plan, but he expressed confidence a deal will be struck.

“There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done,” Bush said during a brief appearance at the White House.

“We are going to get a package passed,” he said. “We will rise to the occasion — Republicans and Democrats will come together and pass a substantial rescue plan.”

Bush said it was the right of Members to express their opinions, but he nevertheless called for them to move quickly.