Bush, Paulson to hold two bailout meetings

WASHINGTON, Oct. 9 (UPI) -- U.S. Treasury Secretary Henry Paulson and financial ministers will discuss coordinating an answer to the global financial crisis, the White House said.

Paulson, central bank governors and the Group of 20, an organization of 19 of the world's largest economies and the European Union, will meet Saturday in Washington to ensure all nations are coordinated in addressing challenges posed by the crisis, White House press secretary Dana Perino said Thursday during a new briefing.

"The financial crisis we're dealing with is global, affecting major economies, emerging market economies and developing economies," she said.

Also on Saturday, President George Bush will meet the Group of 7 finance ministers at the White House, she said.

"The president will have the opportunity to hear directly from the finance ministers about how the financial crisis is affecting their respective economies," she said, along with individual and collective responses.