In a vote of no confidence in the housing market, President Bush this morning revoked his threat to veto the housing rescue bill, which is making its way to a vote on the House floor today.
Shares of Fannie Mae and Freddie Mac surged after President Bush dropped opposition to a housing rescue bill, which would offer a lifeline to the mortgage giants.
Many economists have concluded that a second dose of government stimulus spending is required to prevent a broad economic unraveling and provide relief to millions of Americans grappling with joblessness, plunging home prices and tight credit.
In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere.
President Bush urged lawmakers to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac while declaring the nation's financial system to be "basically sound."
Congress should follow President Bush’s lead in opening up the outer continental shelf to oil and gas exploration and seek other non-partisan solutions to fulfill the nation’s glowingly urgent energy needs, says John Hoffmeister. the former head of Shell Oil's US operations.
Putting pressure on congressional Democrats to back more exploration for oil, President Bush on Monday lifted an executive ban on offshore drilling that has stood since his father was president.
The almighty dollar is mighty no more. It has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. The long slide is fanning inflation at home and playing a major role in the run-up of oil and gasoline prices everywhere.
U.S. President George W. Bush said on Sunday the American economy was not growing as quickly as he would like and that his administration supported a strong U.S. dollar policy.
Democrats in Congress are gearing up to pass a second election-year economic stimulus package, but unlike the $152 billion measure that passed in February, they are not counting on getting the support of President Bush.
President George W. Bush was strong and in good spirits as he met this morning with a small group of journalists for about 90 minutes in the Oval Office. Topics across the board were discussed.
In light of the immense strain that higher energy costs are imposing on the American people and threats to America posed by its dependence on foreign oil, there is no better time than now for President Bush to rally the nation into taking actions that result in an immediate and substantive impact on energy demand and hence energy prices.
President Bush praised Congress Friday for moving forward on a bill giving permitting government eavesdropping in the war on terrorism, saying "it will help our intelligence professionals learn enemies' plans for new attacks."
President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over gasoline prices.
President George W. Bush will make an announcement on Wednesday about energy and call on Congress to pass legislation lifting a ban on offshore oil drilling, the White House said.
Skyrocketing oil and gas pump prices have become public enemy number one on the economics front, and politically priority number one out on the campaign trail. (Though neither Obama nor McCain have really connected with the public’s desire to drill and produce more oil as a way of getting gas prices down.)
I know Scott McClellan a little from covering the Bush White House. But like many who interacted with him far more closely than I did, I am quite surprised at the tone of his memoir. His indictment of the administration's "deception" in promoting the Iraq War echoes and validates commonplace criticisms from the political left.
President George W. Bush and Sen. John McCain went to bat on energy policy this week. And guess what? They both struck out. Bush went hat in hand to the Saudis to ask for more oil production in order to bring down world prices.
The U.S. economy is in a recession and stimulus from a government tax rebate later this quarter will only temporarily stem a fall in consumer spending, a Merrill Lynch economist said on Wednesday.
At left is an image of the press kit we received from Disneyland promoting the new Disney Pixar Toy Story Mania! attraction opening next month. We opened the box...and all we got were Mr. Potato Head's ears. Was he done in by the mob?