‘Critical moment’ for U.S. economy
President Bush says “economic damage will be painful and lasting” if Congress fails to pass a $700 billion economic bailout plan. Bush said the U.S. economy is at a “critical moment” and failure to act could mean economic hardship for millions of Americans. Bush spoke ahead of the opening of the U.S. markets. Stocks were up in futures trading after the Dow plunged a record 777 points on Monday.
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