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Bush recognizes weakening US economy
- Sunday, February 03 - 2008 at 08:28
US President George W. Bush on Friday said there were troubling signs of economic weakening and urged Congress to move on a stimulus package to help prop up the economy, which has been hit by a housing slump and credit crisis, reported Reuters. Bush's comments mirrored his efforts in his State of the Union address to calm Americans' recession fears and came on the heels of a government report earlier on Friday showing US employers cut payrolls for the first time in four and a half years in January.
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Amena Bakr, Senior ReporterSunday, February 03 - 2008 at 08:28 UAE local time (GMT+4)
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