|
 WASHINGTON (AP) - President Bush, trying to calm turmoil in financial markets, said Monday that his administration is "on top of the situation" in dealing with the slumping economy.
"One thing is for certain, we're in challenging times," the president said after meeting with Treasury Secretary Henry Paulson and other senior economic advisers. "But another thing is for certain: We've taken strong, decisive action."
The president commended the Federal Reserve for its urgent actions over the weekend. He praised Paulson for working with the Fed and showing "the country and the world that the United States is on top of the situation."
|