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Bonds News

RPT-Bush to make statement Friday after market volatility

(Repeating to addition subscribers)

WASHINGTON, Oct 9 (Reuters) - President George W. Bush will make a statement on Friday morning to assure Americans that every action is being taken to stabilize the financial system, a day after the U.S. stock market tumbled more than 600 points.

“Following the market’s continued volatility this afternoon, the president will deliver a statement in the Rose Garden tomorrow morning,” White House spokeswoman Dana Perino said on Thursday.

“He will assure the American people that they should be confident that economic officials are aggressively taking every action to stabilize our financial system,” she said.

The Treasury Department is “moving quickly” to improve liquidity to ease the credit crisis, Perino said.

Bush will make the statement at about 10 a.m. EDT (1400 GMT), she said.

Reporting by Tabassum Zakaria; Editing by Patricia Zengerle toby.zakaria@reuters.com ; +1 202 898 8300; Reuters Messaging: toby.zakaria.reuters.com@reuters.net

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