Bush says economy stable despite financial crisis

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WASHINGTON (AP) - President Bush has told the nation his administration is taking "unprecedented action" to deal with the ailing financial markets.

Bush said he appreciates the willingness of Congress to work with the administration to address the crisis "head on." The president spoke publicly for the third time this week about convulsive developments in the business world.

He was joined on the White House steps outside the Oval Office by Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Securities and Exchange Commission Chairman Christopher Cox.

Source: Associated Press