The story

President Bush on Tuesday sought to reassure the United Nations that the United States is taking swift action to stabilize the U.S. and world economies.

"Our economies are more closely connected than ever before," he said during his annual address to the General Assembly, "and I know that many of you here are watching how the United States government will address the problems in our financial system."

Bush noted that several steps already had been taken: bailouts and buyouts of major investment, banking and insurance companies; pumping new cash into the economy; and the government purchase of bad debts.

Further action is coming, he said, even as Congress held hearings Tuesday on the government's bailout plan. Watch Bush seek to assuage worries

"I'm confident we will act in the urgent time frame required," he said. Read full article »

All About United NationsGeorge W. Bush

Don't Miss