President Bush makes statement on economy - Spokane, North Idaho News & Weather KHQ.com

President Bush makes statement on economy

WASHINGTON, DC- President Bush appeared in the Rose Garden Friday morning to deliver a statement to the country concerning a series of actions the federal government is taking and considering to deal with instability in the financial markets. 

President Bush has told the nation his administration is taking "unprecedented action" to deal with the ailing financial markets. He says intervention is needed to keep the financial crisis from further damaging economy.

Bush said he appreciates the willingness of Congress to work with the administration to address the crisis "head on." The president spoke publicly for the third time this week about convulsive developments in the business world.

He was joined on the White House steps outside the Oval Office by Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Securities and Exchange Commission Chairman Christopher Cox.

 

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