ayzo
09-24-2008, 01:44 PM
Buzz from Politico.com says he will announce major spending cuts:
http://www.reuters.com/article/bondsNews/idUSN2445958320080924
WASHINGTON, Sept 24 (Reuters) - President George W. Bush will seek to convince the American public in an address to the country at 9 p.m. EDT on Wednesday (0100 GMT on Thursday) that a $700 billion financial rescue plan is needed to shore up the U.S. economy.
The Bush administration and the U.S. Congress have been trying to hammer out an agreement on the proposal and some lawmakers had pressed for Bush to make a televised address to the American public to explain what was at stake.
"There is no doubt that because this is such a massive legislative package, and it would have such critical impact on our economy that the president wants to talk directly to the American people," White House spokeswoman Dana Perino said.
Bush will speak for about 12 to 14 minutes from the White House.
"The president believes it is important for the American people to fully understand the depths of the crisis in our financial markets, how that crisis affects them, and the urgent need to agree on the solution," she said.
http://www.reuters.com/article/bondsNews/idUSN2445958320080924
WASHINGTON, Sept 24 (Reuters) - President George W. Bush will seek to convince the American public in an address to the country at 9 p.m. EDT on Wednesday (0100 GMT on Thursday) that a $700 billion financial rescue plan is needed to shore up the U.S. economy.
The Bush administration and the U.S. Congress have been trying to hammer out an agreement on the proposal and some lawmakers had pressed for Bush to make a televised address to the American public to explain what was at stake.
"There is no doubt that because this is such a massive legislative package, and it would have such critical impact on our economy that the president wants to talk directly to the American people," White House spokeswoman Dana Perino said.
Bush will speak for about 12 to 14 minutes from the White House.
"The president believes it is important for the American people to fully understand the depths of the crisis in our financial markets, how that crisis affects them, and the urgent need to agree on the solution," she said.