Bush proposes steps to deal with mortgage crisis
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President George W. Bush on Friday tried to calm financial market turmoil from the credit crisis by announcing proposals intended to prevent homeowners from defaulting on risky mortgages.
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KANSAS CITY, Missouri  - President George W. Bush on Friday said there were troubling signs that the economy is weakening and urged Congress to move on a stimulus package to help prop up the economy, which has been hit hard by a housing slump and credit crisis.
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FREDERICKSBURG, Va. -- President Bush worked to reassure Americans on Monday about the economy but said "there's definitely some storm clouds and concern" because of the nation's credit crunch and mortgage problems.
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White House unveils plan to freeze some ''teaser rate'' mortgages, and stocks pop.
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&quot;THE CRISIS IS NOW,&quot; President Bush declared of Social Security at the economic conference called by the White House last week.
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President Bush said on Thursday he would work to convince Congress of the need for spending cuts, tax cuts and Social Security reform in a bid to reassure financial markets
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WASHINGTON -- President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
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President Bush will outline principles aimed at making an immediate impact on the lagging economy and sluggish consumer spending, the White House said Friday.
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President Bush and Federal Reserve chairman Ben S. Bernanke yesterday took small, but symbolic steps aimed at easing the spreading housing and foreclosure crisis, and calming jittery financial markets.
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President Bush launched his plan to  revamp Social Security with a push to convince the public and  Congress that it faces a crisis, even though supporters of the  government-run retirement program say he is exaggerating its  financial problems.
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President George W. Bush was open to options on a package to stem troubles in the U.S. economy that have sent global financial markets plummeting, the White House said on Tuesday.
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On the first day of his last year in the White House, President Bush returned to Washington with an ambitious agenda for 2008, including tackling the mortgage lending crisis and securing more money from Congress for Iraq.
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The Federal Reserve on Friday  reassured investors it would take any steps needed to shelter  the U.S. economy from a global credit squeeze, while President  George W. Bush promised to help struggling homeowners refinance  their mortgages.
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President Bush's weekend campaign promise that he will push legislation allowing for no money down on some federally insured mortgages could cost taxpayers as much as $500 million over four years because of a higher rate of defaults, according to the Congressional Budget Office.
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President Bush said Thursday that "now is the time to confront Social Security" to deal with a projected $3.7 trillion, 75-year shortfall and give younger workers the ability to invest some of their contributions into personal accounts.
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With fear of an impending recession, President Bush on Monday night will use his State of the Union address to revisit unfinished business and press for action to keep the economy afloat, administration officials say.
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President Bush gave a wide-ranging speech about the economy yesterday, but proposed no new policies to deal with the emerging economic distress. Instead, he asked Congress to take up various actions that have been mainstays of the administration's second-term economic policy.