Bush Administration pledges rapid response to financial crisis
By SPECIAL CORRESPONDENT October 6, 2008 WASHINGTON - The Bush Administration Monday pledged to move rapidly to deal with the current financial crisis.
"Conditions in U.S. and global financial markets remain extremely strained," said the President's Working Group on Financial Markets (PWG) in a statement.
The PWG "is working with market participants and regulators globally to address the current challenges and restore confidence and stability to financial markets around the world," it noted.
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