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Prices rose 7.5 percent and stock markets surged, as U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke announced plans to halt the credit-market seizure. Output disruptions from hurricanes in the U.S. and attacks in Nigeria have constrained supplies of crud...
President Bush on Monday said, "The Secretary and I share the concerns of our citizens, concerns about jobs, concerns about their savings accounts. This is a tough situation for America. But we'll recover from it. And the first step to recovery is to safeguard our financial system."
Sun, Nov 23 | from Whitehouse.gov