White House

July 15, 2008

A gloomy day for the economy, except at the White House (7/15/08)

President Bush tried Tuesday to reassure consumers that the economy was still growing, but his words had little effect. The Dow closed the day at its lowest level in two years, the government reported that prices had jumped at their sharpest pace in 27 years, and the chairman of the Federal Reserve Board warned that "significant challenges" lie ahead.

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