1. Bush And Successor May Have To Work Together.
- Author
-
Maggs, John
- Subjects
- *
PRESIDENTS of the United States , *FINANCIAL crises , *FINANCIAL bailouts , *PRESIDENTIAL transitions - Abstract
The article focuses on the need for U.S. President George W. Bush and his successor to work together to ease financial crisis. According to Treasury Secretary Henry Paulson Jr., he had asked presidential candidates John McCain and Barack Obama each to agree, if elected, to choose with him the permanent head of the government's $700 billion financial rescue agency. It cites the desire of Adam Posen of the Peterson Institute for International Economics for the easing of the crisis to continue during the transition.
- Published
- 2008