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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President George W. Bush will  propose reforms on Friday intended to help homeowners with  subprime mortgages avoid default, his first public step to  address a crisis that has created turmoil in financial markets  around the world.
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Stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit conditions that have rattled financial markets.
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WASHINGTON - President Bush sought Americans&#39; support Thursday for quick action on an economic agenda that would bring far-reaching changes to their lives.
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U.S. President George W. Bush will outline reforms on Friday to help struggling subprime mortgage borrowers, and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut.
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US President George W. Bush warned Tuesday that "it's going to take a while to work through the downturn" in the crisis-hit US housing market, but said the US economy was resilient.
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President Bush attempted yesterday to calm Americans' anxiousness about the economy, even as he acknowledged that the nation's financial forecast is not entirely sunny because of the credit-market and mortgage crises.
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President Bush is barnstorming the country, trying to convince the public that Social Security needs an urgent overhaul and offering a solution even the White House acknowledges won't fix the retirement system's future financial problems.
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Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
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'Project Lifeline' is the Bush administration's latest step to ease the woes from the subprime-loan debacle.
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President Bush conceded that rising oil prices, the home mortgage crisis, and the weakening job market present new âeconomic challenges.â
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The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday
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President Bush on Friday intends to discuss ways to help the hundreds of thousands of borrowers hard hit by the housing slump and credit crunch that are rocking financial markets.
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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 Bush administration and six large mortgage lenders unveiled a plan yesterday to offer some homeowners facing foreclosure 30-day reprieves to work out alternatives.
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President Bush said Thursday that ``now is the time to confront Social Security&#39;&#39; to deal with a projected $3.7 trillion shortfall over 75 years and give younger workers the
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WASHINGTON - Shifting course, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle, and sell as securities loans exceeding $417,000.