Eleven days after voters choose his successor, President Bush will meet with the leaders of the countries with the most powerful developed and developing economies in an effort to figure out what caused the global financial crisis and what they can do about it.
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President Bush, seeking to send a signal of resolve to Wall Street and near-emergency to Congress, said today the nation’s economy was facing a “critical moment” and that without a legislative rescue “the consequences will grow worse each day.”
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WASHINGTON – President Bush made an early-morning pitch today to win Congressional approval of the $700-billion bailout plan – and to persuade the market that help was finally on the way.
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At a moment when he would otherwise be focused almost entirely on influencing the nation’s decision about who succeeds him, President Bush is suddenly focused instead on doing the job himself.
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WASHINGTON – As President Bush urged Congress today to act quickly on his $700-billion plan to rescue troubled financial institutions without adding new provisions, a key Democrat said the administration had agreed to include new help for homeowners facing the prospect of foreclosure on their mortgages.
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The Bush administration, moving to restore deeply shaken confidence in the nation’s economy, unveiled measures today to rescue banks from billions of dollars in bad debts, taking what the president called “unprecedented action” plunging the government deeply into the financial market place.
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Amid rising anger over civilian deaths in Afghanistan, President Bush says he is sending more forces to fight there, but cautions “there will be times” when
U.S. strikes result in the loss of innocent life.
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Offering new support for Georgia after its losing military clash with Russia last month, President Bush said Wednesday that the United States would provide up to $1 billion in assistance to the beleaguered Caucasus nation.
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WASHINGTON–President Bush is today renewing his insistence that the fight against terrorism be seen not as a matter of law enforcement but as one requiring the use of “all assets of national power.”
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