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 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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President Bush's plan to revive the U.S. economy was met with little enthusiasm as stocks extended their losses.
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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 will try to reassure nervous Americans on Monday he is doing everything possible to keep the economy from sliding into recession, as he struggles to stay relevant in the twilight of his term.
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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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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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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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U.S. President George W. Bush predicted on Tuesday that a deal could be reached with the U.S. Congress soon on a fiscal stimulus package and said it was needed to deal with "uncertainty" in the economic outlook.
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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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The worst of the housing slump might be over, although some pain is likely to linger, an adviser to President Bush suggested Tuesday.
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US President Bush said that ânow is the time to confront Social Security to deal with a projected $3.7 trillion shortfall over 75 years and give younger workers the ability to invest some of their retirement money in personal accountsâ.
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San Francisco Federal Reserve  Bank President Janet Yellen said on Monday that the current  turmoil in financial markets has added &quot;appreciably&quot; to  downside risks for the U.S. economy.
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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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San Francisco Federal Reserve Bank President Janet Yellen said on Monday that the current turmoil in financial markets has added "appreciably" to downside risks for the U.S. economy.
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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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NEW YORK/LONDON  - 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.