White House News

President Bush speaks about the economy Monday, Oct. 6, 2008, in San Antonio, Texas.  Bush said the $700 billion massive plan of federal intervention that Congress approved last week to save the teetering U.S. economy will take some time to work. (AP Photo/Evan Vucci)

Bush: Financial rescue plan will take some time

AP - 47 minutes ago

SAN ANTONIO, Texas - As global markets plunged, President Bush on Monday said "it's going to take awhile" for the government's $700 billion financial rescue plan to bolster the troubled U.S. economy.

  • President Bush and first lady Laura Bush visit the President's childhood home Saturday, Oct. 4, 2008, in Midland, Texas.  (AP Photo/Evan Vucci)
    President makes quick, long-awaited return home AP - Sat Oct 4, 2:52 PM ET

    MIDLAND, Texas - President Bush almost made it through his two terms without visiting his boyhood hometown. He broke the more than 7-year, 8-month streak on Saturday for a quick and lucrative fundraising stop in this West Texas oil patch.

  • U.S. President George W. Bush walks down the ramp of Air Force One after arriving in San Antonio, Texas, October 6, 2008.   REUTERS/Larry Downing  (UNITED STATES)
    Bush's statement on Congress passing bailout bill AP - Fri Oct 3, 2:50 PM ET

    Text of President Bush's statement Friday on Congress passing a $700 billion bailout bill for the financial industry, as provided by the White House:

  • US cuts off family planning group in Africa AP - Thu Oct 2, 5:46 PM ET

    WASHINGTON - The Bush administration has taken action against an international charity in Africa over work it does in China, a step the group says is politically motivated and dangerous for poor African women and girls.

  • U.S. President George W. Bush walks down the ramp of Air Force One after arriving in Cincinnati, October 6, 2008.   REUTERS/Larry Downing  (UNITED STATES)
    Judge orders more searches for Abramoff visits AP - Thu Oct 2, 1:35 PM ET

    WASHINGTON - A federal judge has rejected the Bush administration's attempt to shield records that may shed light on the White House visits of now imprisoned lobbyist Jack Abramoff.

  • Taiwan President Ma Ying-jeou opens the 2008 Taiwan Business Alliance Conference in Taipei, Taiwan, Monday, Oct. 6, 2008. The two-day conference has attracted more than 300 business people from China in hopes of increased foreign investment. Taiwanese have invested more than US$100 billion on the Chinese mainland, but Taiwan has long barred reverse investment from China for fear it would give China economic and political control of the island. (AP Photo/Wally Santana)
    Pentagon: China cancels some military contacts AP - 4 minutes ago

    WASHINGTON - China has canceled some military contacts with the Pentagon as a result of America's recent announcement of a planned arms sale to Taiwan, a Pentagon official said Monday.

  • World Bank leader urges modernization of G-7 AP - 1 hour, 17 minutes ago

    WASHINGTON - The Group of Seven industrialized countries is outmoded and should be replaced with a new entity that would include growing economies in Asia and Latin America, World Bank President Robert Zoellick said Monday.

  • Defense Secretary Robert Gates speaks to students of the National Defense University, Monday, Sept. 29, 2008, at Fort McNair in Washington. (AP Photo/Haraz N. Ghanbari)
    US defense chief meets NATO amid Russia tension AP - Mon Oct 6, 7:02 AM ET

    WASHINGTON - U.S. and NATO allies will embrace fledgling Eastern European nations during international meetings this week, in a what will be seen as a sharp message to Russia that further aggression in the region will not be tolerated.

  • US Secretary of State Condoleezza Rice, seen here in New Delhi, has arrived in the Kazakhistani capital to pursue a drive to stabilize Afghanistan by linking its shattered economy more closely to that of Kazakhstan and other Central Asian neighbors.(AFP/Raveendran)
    Rice: US not trying to undermine Russia AP - Sun Oct 5, 1:29 PM ET

    ASTANA, Kazakhstan - U.S. efforts to build closer ties to this energy-rich former Soviet republic are not meant to undermine Russian influence in Central Asia, Secretary of State Condoleezza Rice said Sunday.

  • Iran's Foreign Minister Manouchehr Mottaki, speaks at the Asia Society in New York, Thursday, Oct. 2, 2008.  (AP Photo/Seth Wenig)
    Politics scuttles plan to put US diplomats in Iran AP - Sat Oct 4, 10:38 AM ET

    WASHINGTON - The Bush administration has shelved plans to set up a diplomatic outpost in Iran, in part over fears it could affect the U.S. presidential race or be interpreted as political meddling, The Associated Press has learned.

  • U.S. Secretary of State Condoleezza Rice, right, shakes hands with Indian Foreign Minister Pranab Mukherjee in New Delhi, India, Saturday, Oct. 4, 2008. Rice arrived in the Indian capital Saturday to commemorate - but not sign - a historic deal that opens up U.S. nuclear trade with the Asian giant. (AP Photo/Manish Swarup)
    Rice sets sights on energy-rich ex-Soviet republic AP - Sat Oct 4, 9:53 AM ET

    WASHINGTON - Secretary of State Condoleezza Rice is leading U.S. efforts to court energy-rich Kazakhstan, the former Soviet republic balancing close relations with Russia and openings to the West after Moscow's invasion of Georgia.

  • President Bush pauses as he speaks at the United Services Organizations World Gala, Wednesday, Oct. 1, 2008 in Washington. (AP Photo/Pablo Martinez Monsivais)
    Analysis: Bush's lame-duck status limits clout AP - Wed Oct 1, 10:21 PM ET

    WASHINGTON - A lame duck in a financial downpour, President Bush called senators ahead of Wednesday's big vote on the financial rescue plan. The measure passed, but not just because of the president's intervention. He wields dwindling overall influence.

  • U.S. Secretary of State Condoleezza Rice, left, and Indian Foreign Minister Pranab Mukherjee shake hands during a joint press conference in New Delhi, India, Saturday, Oct. 4, 2008. Rice arrived in the Indian capital Saturday to commemorate, but not sign, a historic deal that opens up U.S. nuclear trade with the Asian giant. (AP Photo/Manish Swarup)
    US and Indian diplomats laud nuclear deal AP - Sat Oct 4, 8:57 AM ET

    NEW DELHI, India - The top American and Indian diplomats on Saturday lauded a new agreement that opens up U.S. nuclear trade with India, but they stopped short of signing the deal, which some private U.S. arms control experts say is likely to speed up nuclear arms competition in Asia.

  • Bush's lame-duck status limits clout on rescue AP - Wed Oct 1, 4:27 PM ET

    WASHINGTON - A lame duck in a financial downpour, President Bush called senators ahead of Wednesday's big vote on the financial rescue plan but he seems to wield dwindling overall influence.

  • FBI given new rules for investigations AP - Fri Oct 3, 7:38 PM ET

    WASHINGTON - The Bush administration issued new rules Friday designed to allow the FBI to pursue potential national security threats with the same vigor and techniques used against common criminals. Civil libertarians said the guidelines will come at a cost to constitutional protections.

  • Bush signs sprawling spending bill AP - Tue Sep 30, 7:49 PM ET

    WASHINGTON - President Bush on Tuesday signed a sprawling, stopgap spending bill to keep the government running for the next 12 months.

  • EPA won't limit toxic chemical in drinking water AP - Fri Oct 3, 5:28 PM ET

    WASHINGTON - Federal regulators said Friday they don't plan to try to rid drinking water supplies of a toxic rocket fuel ingredient that's been found in 35 states.

  • US to welcome up to 80,000 refugees over next year AP - Tue Sep 30, 6:58 PM ET

    WASHINGTON - President Bush said Tuesday that up to 80,000 refugees from around the world can be accepted in the United States over the next year for humanitarian reasons, the same ceiling set by his administration last year.

  • Air Force orders repairs for A-10 wing cracks AP - Fri Oct 3, 5:10 PM ET

    WASHINGTON - The Air Force said Friday it has ordered immediate inspections and repairs to about 130 of its A-10 aircraft to fix possible cracks in the wings.

  • President Bush arrives to make a statement about the economic bailout bill and financial crisis, Tuesday, Sept. 30, 2008, in the Diplomatic Reception Room of the White House in Washington. (AP Photo/Charles Dharapak)
    Bush implores Congress to act to rescue markets AP - Tue Sep 30, 3:19 PM ET

    WASHINGTON - President Bush on Tuesday tried to reassure the country that Congress will pass a plan to save the sinking economy even as no clear path existed for that to happen. He warned of painful, lasting damage for millions of people if lawmakers don't get moving.

  • Independence of prosecutor questioned by Democrats AP - Fri Oct 3, 4:46 PM ET

    WASHINGTON - Democratic lawmakers on Friday questioned the independence of a veteran federal prosecutor named to investigate whether laws were broken in the partisan political firings of U.S. attorneys.

  • U.S. President George W. Bush walks down the ramp of Air Force One after arriving in San Antonio, Texas, October 6, 2008.   REUTERS/Larry Downing  (UNITED STATES)
    Text of President Bush's statement AP - Mon Sep 29, 8:34 AM ET

    WASHINGTON - Here is a text of the statement that President Bush made Monday morning on legislation to rescue the nation's reeling financial markets, as released by the White House:

  • U.S. President George W. Bush (L) stands with Treasury Secretary Henry Paulson, after thanking Treasury workers for their efforts after the House passed the $700 billion financial rescue legislation, outside the Treasury Building in Washington, in this recent photo from October 3, 2008. (Mike Theiler/Reuters)
    Paulson pledges quick action on rescue program AP - Fri Oct 3, 3:09 PM ET

    WASHINGTON - Treasury Secretary Henry Paulson pledged to get the $700 billion financial rescue program up and going quickly.

  • U.S. President George W. Bush speaks about the financial system after meeting with small business leaders in San Antonio, Texas, October 6, 2008.   REUTERS/Larry Downing  (UNITED STATES)
    Bush: Rescue needed to keep economy from breakdown AP - Sun Sep 28, 6:59 PM ET

    WASHINGTON - President Bush is welcoming the $700 billion financial rescue deal reached by congressional leaders and his administration.

  • US announces plans to sell arms package to Taiwan AP - Fri Oct 3, 3:04 PM ET

    WASHINGTON - The Bush administration has announced plans to sell billions of dollars in arms to Taiwan, a decision certain to anger Taiwan's rival China.

  • First lady Laura Bush and her daughter Jenna Hager read their book 'Read All About It!' during the National Book Festival in Washington, Saturday, Sept. 27, 2008 .(AP Photo/Jose Luis Magana)
    Laura Bush, daughter Jenna read at book festival AP - Sat Sep 27, 10:10 PM ET

    WASHINGTON - First lady Laura Bush and daughter Jenna took a lesson from their own book Saturday at the National Book Festival.

  • A military parade to mark the 60th anniversary of the founding of the country at Kim Il Sung Square in Pyongyang in September. North Korea has purchased weapons worth about 65 million dollars over the past five years despite its severe food shortages, a South Korean lawmaker said Monday.(AFP/Kcna via KNS)
    US: NKorea still moving to restart reactor AP - Fri Oct 3, 12:30 PM ET

    WASHINGTON - The State Department says a U.S. diplomat's trip to North Korea has not stopped the North from moving to restore its disabled nuclear reactor.

  • Graphic shows recent violence in Pakistan;
    Pakistan looms large for next US administration AP - Sat Sep 27, 3:25 PM ET

    NEW YORK - At the White House, President Bush welcomed the leaders of Pakistan and Afghanistan this week. Along their borders, safe havens for anti-U.S. militants, their troops exchanged fire, deepening a foreign policy challenge for the next American president.

  • A women and her baby wait for medical support from a US navy doctor from USS Kearsarge in Santo Domingo October 6, 2008. The US navy will be in the Caribbean country for two weeks providing humanitarian assistance to the people of partner nations. REUTERS/ Eduardo Munoz (DOMINICAN REPUBLIC)
    Military relied on bonuses to lure new recruits AP - Fri Oct 3, 7:43 AM ET

    WASHINGTON - After seven years at war, the military paid recruits hundreds of millions of dollars over the past year as they answered the call to duty.

  • First Lady Laura Bush speaks at the 2008 National Book Festival Gala Dinner at the Library of Congress in Washington, Friday, Sept. 26, 2008. Mrs. Bush received the Living Legend award. (AP Photo/Lawrence Jackson)
    2008 National Book Festival launched with laughter AP - Fri Sep 26, 10:44 PM ET

    WASHINGTON - Children's book author Jon Scieszka enlightened a National Book Festival audience Friday night with stories about how he learned to read funny books by Dr. Seuss and strange books at school about an "alien" family.

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