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| Version 0 | Version 1 |
|---|---|
| Bush vows to stabilise US economy | Bush vows to stabilise US economy |
| (10 minutes later) | |
| President George W Bush has promised the American people the US government is working "aggressively" to restore stability to the economy. | President George W Bush has promised the American people the US government is working "aggressively" to restore stability to the economy. |
| Speaking from the White House, Mr Bush said the market turmoil was being driven by "uncertainty and fear". | Speaking from the White House, Mr Bush said the market turmoil was being driven by "uncertainty and fear". |
| He spoke as world markets tumbled amid rising fears of a global recession, despite interest rate cuts and huge cash injections by central banks. | He spoke as world markets tumbled amid rising fears of a global recession, despite interest rate cuts and huge cash injections by central banks. |
| The US recently approved a $700bn (£409bn) rescue plan for Wall Street. | The US recently approved a $700bn (£409bn) rescue plan for Wall Street. |
| Mr Bush said: "We are a prosperous nation with immense resources and a wide range of tools at our disposal. We are using these tools aggressively." | Mr Bush said: "We are a prosperous nation with immense resources and a wide range of tools at our disposal. We are using these tools aggressively." |
| He said the US was working with other world governments to steady the markets. | He said the US was working with other world governments to steady the markets. |
| "We're in this together and we'll come through this together," he added. | "We're in this together and we'll come through this together," he added. |
| His statement came as G7 finance ministers gathered in Washington to address the crisis. | |
| Wall Street has lost more than 20% of its value in the past 10 trading days and is heading for one of its biggest weekly falls since the Dow Jones index was created 112 years ago. | |
| Moves on Wednesday by six of the main central banks to cut interest rates by half a percentage point have done little to stop volatile trading. |