RAW VIDEO: President Bush News Conference
Click here for a free download of the latest Adobe Flash Player.
President Bush is offering reassuring words about the nation's financial system, describing it as ``basically sound.'' He's calling on lawmakers to quickly pass legislation to prop up mortgage giants Fannie Mae and Freddie Mac. Bush says they play a central role in the nation's housing-finance system. With soaring gas prices, the real estate slump and the mortgage troubles, Bush told a White House news conference it's ``been a But he said the nation's economy continues to grow -- if slowly. Bush said depositors shouldn't worry about the safety of their money, since deposits are insured for up to $100,000. On the economy, Bush defended his insistence that it's not in a recession. He said the traditional definition -- two quarters in a row of negative growth -- hasn't been met. The following comments do not necessarily represent the views of NBC Augusta 26 | news, weather, sports, community, entertainment, shopping for Augusta, Georgia. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited. Hide commentsMore Good Stuff |
|
Voter Resources
|
User Agreement