President Bush will address the nation at 9:01 EDT on the ailing financial markets, the White House said Wednesday, amid persistent criticism of a $700 billion bailout plan and the Federal Reserve chairman's warning that economic growth depends on it.
The government rescue of insurance giant AIG helped slow a rapidly escalating crisis in the global financial system. But the move is a stopgap measure in the ongoing unwinding of a credit bubble that continues to weigh on the financial markets and the economy.
Daunte Culpepper, who starred for the Minnesota Vikings before a major knee injury in 2005 curtailed his career, retired from the NFL on Thursday.
The latest round of second-quarter reports show more signs of financial stress on shoppers.
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