Wednesday, July 16, 2008

Bush: "Take a Deep Breath..."

WASHINGTON (AP) - President Bush is calling on Congress to move quickly to put into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac.

He also called on the Democratic-run Congress to quickly lift a ban on offshore drilling, following his action a day earlier to end a presidential ban on such drilling.

"It's been a difficult time for many American families," Bush told a White House news conference. "I think the system basically sound, really."

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