Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Bush addresses nation on financial crisis

Staff Reporter 1 minute read

The depth of the US crisis was highlighted by President Bush’s address to Americans yesterday on prime time television to explain, and accelerate, the government’s proposed financial system rescue package.

"We're in the midst of a serious financial crisis,'' Mr Bush said.

"Our entire economy is in danger.''

The US$700 billion (A$870 billion) plan had been met tentatively by the American public, concerned about the cost of the bail-out to taxpayers.

Without government intervention however Mr Bush said more institutions could fail and the economy could fall into a “long and painful” recession.

Advertisement
Advertisement

"We must not let this happen," he said.

Published: 26-09-08

Can the bail-out package save the US economy? COMMENT HERE

Today's other news

Bush addresses nation on financial crisis
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
arrow up increase ta Major bank hikes fixed rates amid turnaround time debacle

A big four bank has announced that it has increased its fixed rat...

parliament house ta Government overstates JobKeeper uptake

A “reporting error” identified by Treasury and the ATO has re...

meeting top view ta Loan Market sees surge in repricing enquiries

While refinancing has been rising recently, Loan Market’s execu...

FROM THE WEB