Source: Neil Irwin and David Cho, Washington Post ( Free Registration )

The failure of the $700 billion bailout bill leaves Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke with few options to continue their urgent campaign to rescue the financial system.

The top economic policymakers geared up yesterday to try to salvage the package, concluding that the existing powers they have would not be enough to restore confidence in financial markets wracked by bank failures. 

Read Full Article: Treasury, Fed low on rescue options