Financial Briefs

Breaking financial news from Wall Street to Main Street

Bush warns of ‘long and painful recession’

Posted by financialbriefs on September 25, 2008

 President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs and closed businesses. “Our entire economy is in danger,” he said.

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