Bush says it will take time to unfreeze credit

(AP) - President Bush says the United States'"serious financial crisis" has moved beyond Wall Street. But hesays Americans can be confident government actions will set thingsright over time. The president

News 12 Staff

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Oct 17, 2008, 3:52 PM

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Updated 5,909 days ago

(AP) - President Bush says the United States'"serious financial crisis" has moved beyond Wall Street. But hesays Americans can be confident government actions will set thingsright over time.

The president cautioned that it will take time to thaw out thefrozen credit system so that people and businesses can get theloans they need to get the economy moving.

Bush, offering his reassurances in a speech to the U.S. Chamberof Commerce Friday, said the rescue moves are "big enough and boldenough to work."

He says the U.S. is working with European nations to resolvewhat has become a global crisis. He said, "We're determined toovercome this challenge together." Click here to watch President Bush's speech