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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  3/29/2015
TUESDAY, JAN 8, 2008
Bush Admits Economy Faces Challenges
CHICAGO ‚ÄĒ President Bush, in a marked shift from his usual upbeat economic assessments, conceded here on Monday that the nation faces ‚Äúeconomic challenges‚ÄĚ due to rising oil prices, the home mortgage crisis and a weakening job market.

‚ÄúWe cannot take growth for granted,‚ÄĚ Mr. Bush said in a speech to a group of business leaders in which he acknowledged that ‚Äúrecent economic indicators have become increasingly mixed.‚ÄĚ

But even after a government report on Friday that showed unemployment jumped to 5 percent last month from 4.7 percent in November, Mr. Bush stopped short of warning that the nation may be about to enter a recession. ...


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Response to economic crisis?
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