Bush says markets turmoil take time to play out
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U.S. President George W. Bush, announcing a package of measures to help homeowners struggling to pay their mortgages amid the subprime loan crisis, said on Friday the market turmoil stemming from the problem will take time to play out.
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President George W. Bush on Friday will propose a series of steps to address the mortgage crisis after weeks of turmoil in financial markets, the White House said.
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Stocks were higher on Friday on investor hopes that President Bush would unveil a plan to alleviate the subprime mortgage crisis and loosen credit conditions that have rattled financial markets.
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The nation&#39;s economy is growing, President Bush told attendees on the second day of a White House economic conference, but work remains to be done on Social Security, the deficit and what the president called &quot;fiscal restraint.
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More steps by Congress and the Bush administration are likely needed to stabilize the imploding U.S. housing market, a senior White House official said on Tuesday, as more signs of distress appear.
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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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President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.
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President George W. Bush sought to calm Americans' fears about the economy on Monday while charting a course he hopes will keep him relevant in his final year in office.
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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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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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US President George W Bush says the nation's social security fund is close to bankruptcy.
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President Bush on Friday called for about $145 billion worth of tax  relief to stimulate a sagging economy and fend off a possible  recession
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President George W. Bush on Monday advocated a market-based approach for managing airline congestion and said the government would again clear military air space in the eastern United States to ease flight delays during holiday travel.
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President George W. Bush on Thursday said he would consider "all options" to help the U.S. economy weather a deep housing slump but said the economy was fundamentally strong.
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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 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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With fear of an impending recession, President Bush on Monday night will use his last State of the Union address to revisit unfinished business and press for quick action to keep the economy afloat, administration officials say.