Bush poised to talk about economic crisis

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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 8:14 AM EST

Story Updated: Oct 10, 2008 at 12:29 PM EST

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.)

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