U.S. President George W. Bush arrives in the Rose Garden at the White House to makes a statement on the economy in Washington, Oct. 10, 2008.  (Xinhua/Reuters Photo) Photo Gallery>>>

Bush: G7 to work together to cope with financial crisis

G7 finance ministers pose for a group photo after their meeting at the Treasury Department in Washington, The United States, October 10, 2008. (L-R) are: Jim Flaherty of Canada, Christine Lagarde of France, Peer Steinbrueck of Germany, U.S. Treasury Secretary Henry Paulson, Italy's Economy Minister Giulio Tremonti, Shoichi Nakagawa of Japan, Britain's Chancellor of the Exchequer Alister Darling and Eurogroup Chairman Jean-Claude Juncker.(Xinhua/Zhang Yan) Photo Gallery>>>

    WASHINGTON, Oct. 11 (Xinhua) -- U.S. President George W. Bush said Saturday morning that seven Western countries -- the so-called Group of Seven industrialized countries (G7) -- will work together to cope with the current financial crisis spreading around the globe.

    "All of us recognize that this is a serious global crisis and therefore requires a serious global response," Bush told reporters after a meeting with economic chiefs of the G7. Full story

G-7 announces plan to fight global financial crisis

    WASHINGTON, Oct. 10 (Xinhua) -- Finance officials from the Group of Seven (G-7) announced here Friday a plan of action to battle the ongoing global financial crisis.

    "The G-7 agrees today that the current situation calls for urgent and exceptional action," said a statement released by the U.S. Treasury Department announcing the plan of action. Full story  

Bush: U.S. authority able to solve financial crisis

    WASHINGTON, Oct. 10 (Xinhua) -- President George W. Bush said on Friday that the United States, together with other nations, can cope with the current financial crisis.

    "The American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets," Bush said at the White House.  Full story