White House: Economy solid but uncertainty exists
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The White House on Friday reiterated its view that the U.S. economy is on a "solid foundation" but acknowledged that the country was going through a period of economic uncertainty.
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Signs that secured borrowing remains robust and firm data on manufacturing and retail sales, released on Thursday, painted the picture of an economy that has yet to be cooled by the recent spate of interest rate rises.
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The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.
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President George W. Bush said on Thursday that the economy remained strong, with low inflation and a healthy job market, despite "unsettling times" in the housing market.
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The White House reiterated on Tuesday that it considered energy prices too high but said the economy would weather the impact.
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TORRANCE, California  - President George W. Bush said on Wednesday the U.S. economy is slowing but is resilient and would overcome problems as it has in the past, following a government report showing growth slumped at the end of last year.
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One major unmentioned entry in President Bush's new budget is luck. Luck that the economy keeps growing, that corporate profits remain robust, that inflation stays tame and that foreigners keep lending the U.S. money. Otherwise, the numbers don't add up.
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WHITE SULPHUR SPRINGS, W., Virginia  - President George W. Bush said on Friday he was confident in the long-term strength of the U.S. economy, but urged lawmakers to act swiftly on a stimulus plan he and others hope will help stave off a possible recession.
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As the White House starts making over its economic team and firms up a daring domestic agenda, initial signs from Capitol Hill are mixed.
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President George W. Bush believes a short-term boost is needed to deal with the softening in the U.S. economy, the White House said on Thursday amid what it described as "mixed" economic data.
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The US economy is growing robustly, despite a slowing housing sector, although inflation remains above the central bank's comfort level, two top Federal Reserve officials said yesterday.
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If forecasts for this weekâs economic data prove accurate, the economy would seem to be getting off lightly.
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CHICAGO -- President Bush said Monday that economic indicators are "increasingly mixed," causing anxiety for many Americans. But he said the economy is resilient and the U.S. has dealt with anxiety before.
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Stocks were set to open little changed on Wednesday as worries about recession offset optimism on news the White House is considering a stimulus package to spur the economy.
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The global economy is healthy and no major financial crises loom. Yet finance ministers meeting this week must confront uncertainties about the fight against terrorism, rising interest rates and volatile oil prices.
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President Bush on Monday tried to reassure an edgy public that the economy is "pretty good" despite the dreary mix of a failing housing market, a national credit crunch and surging energy costs
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The White House predicted the economy would escape a recession and unemployment would remain low this year, though it acknowledged growth had already slowed.