![]() Tuesday, February 27, 2007
White House confident market's decline is normal correction
WASHINGTON (CNN) -- The White House is confident the steep decline on Wall Street Tuesday was a normal correction to a market that has experienced steady growth since July, a senior administration official tells CNN.
The administration official also told CNN that President Bush called Treasury Secretary Henry Paulson this afternoon "to get his take" on why the market dropped sharply. The official would not comment on the specifics of the situation, but added that other signs like job growth and consumer confidence "are sound...nothing out there is flashing red." -- CNN White House Correspondent Ed Henry
|
About the CNN Political Ticker
The CNN Political Ticker provides the latest political news.To sign up for our twice daily Ticker emails, visit CNN.com member services page. If you do not have a CNN.com account, you can register here. If you have any feedback, suggestions or news tips, drop us a line here. NEW IN THE TICKER
• Romney spends valuable time in Washington• Spartanburg, South Carolina a popular stop for GOP... • Deja vu all over again: Burglary at Democratic hea... • Edwards: Gore would be a 'very formidable candidat... • Gore defends energy saving efforts • Rice to announce U.S. support of Iraqi regional co... • Negroponte takes new job • Internal Romney blueprint shows concern about hair... • Colorado governor vows to 'arm wrestle' for jobs • Bush launches fundraising campaign for '08 candida... |