NEW : President Barack Obama lays out his plan to avoid another economic crisis . In the lead-up to Bush 's proposal , the country saw the collapse of U.S. investment bank Lehman Brothers , a Bank of America buyout of Merrill Lynch and a government bailout of NEW : Obama : ` ` We will not give a blank check to Washington with no warning '' Sen. John McCain expresses reservations about government 's economic plan . McCain says there should be a bipartisan oversight committee .
NEW : President Barack Obama lays out his plan to avoid another economic crisis . NEW : Obama : ` ` We will not give a blank check to Washington with no warning '' Sen. John McCain expresses reservations about government 's economic plan . McCain says there should be a bipartisan oversight committee .