Bush poised to talk about economic crisis

Tools

Bush poised to talk about economic crisis

President Bush walks back to the Oval Office of the White House in Washington, Monday, Sept. 29, 2008, after making a statement on the financial rescue legislation. (AP Photo/Ron Edmonds)

By The Associated Press

Story Created: Oct 10, 2008 at 9:14 AM EDT

Story Updated: Oct 10, 2008 at 1:29 PM EDT

WASHINGTON (AP) - President Bush is ready to make a statement to the nation about the crisis in the credit markets that has caused substantial sell-offs on Wall Street.

Bush a week ago signed a $700 billion bailout bill into law. In
advance of what is expected to be reassuring words from the
president, the Dow Jones industrials futures plunged 185 points
ahead of the opening bell Friday.

White House press secretary Dana Perino said Thursday night that
the Treasury Department, the Federal Reserve and the Federal
Deposit Insurance Corpoiration all have the necessary tools to deal
with the problem. Bush will deliver his remarks from the White
House Rose Garden.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

User Agreement

View comments

The following comments do not necessarily represent the views of NBC-WKTV News Channel 2. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

Friday, Oct 10 at 9:47 AM Mark wrote ...

Bush's credibility is in the "toilet" Why should we believe or even care about what he has to say. Don't waste my time!

9014929 Inappropriate? Alert Us!

Add a comment

Name:

Comment: 500 Characters Left

NBC-WKTV News Channel 2 and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

I have read and agree to the terms

Hide comments

Weather

Icon
Current Temp 65.0 °F
Mostly Cloudy
More Weather

AP Video

Stock Quotes

Permanent Client link holder

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

What's On