Bush says financial bailout will be passed

(Updates with quotes, background)

WASHINGTON, Sept 26 (Reuters) - President George W. Bush on Friday said that while there were disagreements on parts of the $700 billion U.S. financial bailout plan, Congress will end up passing legislation.

"There are disagreements over aspects of a rescue plan but there is no disagreement that something substantial must be done," Bush said in brief comments to reporters at the White House.

"The legislative process is sometimes not very pretty, but 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."

Negotiations on the financial rescue plan were to resume Friday on Capitol Hill where the administration's proposal has met resistance from skeptical lawmakers.

In another sign that the White House was pressing hard for a deal, Vice President Dick Cheney canceled trips to New Mexico and Wyoming to "assist with the pending legislation," his spokeswoman said.

Cheney as vice president can cast a tie-breaking vote in the Senate on legislation. (Reporting by Tabassum Zakaria; Editing by Neil Stempleman)