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Bush: Economy Strong Enough to Handle Turmoil

Sep. 15, 2008
President Bush today lamented what he described as "painful" adjustments in U.S. financial markets following the collapse of the Lehman Brothers investment firm, but he gave no indication of any further federal bailouts and said the markets are resilient enough to handle the disruptions.
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U.S. alone in financial triage

WASHINGTON, Sept. 25 (UPI) -- Foreign financial leaders have waived off the idea of engineering major bailouts for their own countries, leaving the United States to manage the triage alone.

Fed keeps key lending rates unchanged

WASHINGTON, Sept. 16 (UPI) -- The Federal Open Market Committee kept the U.S. central bank's key funds rate unchanged in spite of pressure to add liquidity to struggling financial markets.
All eyes on Fed after bleak Monday

All eyes on Fed after bleak Monday

WASHINGTON, Sept. 16 (UPI) -- Turmoil in the financial markets Tuesday overshadowed the U.S. Federal Reserve Bank's regularly scheduled meeting following Monday's market shifts.

Bush: Market fixes painful in near term

WASHINGTON, Sept. 15 (UPI) -- Financial market adjustments may hurt now, but U.S. President George Bush expressed confidence in the capital market's long-term resiliency.

Analyst: Lehman may mean lending jitters

LONDON, Sept. 15 (UPI) -- Lehman Brothers' fall jolted global financial markets, perhaps leading European banks to be reluctant to lend to each other, a global economist said Monday.

Lehman talks sag, Merrill has buyer

NEW YORK, Sept. 14 (UPI) -- Talks aimed at rescuing Lehman Brothers Inc. investment bank were fruitless but Merrill Lynch found a buyer in Bank of America Sunday, The New York Times said.

U.S. helping Lehman without funds offered

WASHINGTON, Sept. 12 (UPI) -- U.S. regulators are pitching in to carve out a scenario for Lehman Brothers Holdings that would have the least damage to financial markets, sources said.

Feds trying to arrange Lehman sale

WASHINGTON, Sept. 11 (UPI) -- The U.S. government is trying to broker a sale of troubled investment bank Lehman Brothers, The Washington Post reported Thursday.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch