Bush warns of ‘painful’ recession
Joshua September 24th, 2008
The United States is in the middle of a serious financial crisis that could push the economy into a long-term recession if the government does not act, the president has said.
In a televised address on Wednesday aimed at persuading the public to support a $700bn financial bail-out being negotiated with congress, George Bush reiterated that urgent action was needed to bolster the markets.
