President Bush spoke about financial aid to the automotive industry. After Congressional attempts to aid automakers failed, the federal government will loan the U.S. automobile industry up to 17.4 billion dollars.

Joel Kaplan continues our discussion on aid to the auto industry, giving the perspective from the Bush Administration.

Commerce Secretary Carlos Gutierrez talked about the Bush Administration's view of proposals to aid the auto industry.

Treasury Secretary Henry Paulson spoke a news conference at the Treasury Department to provide an update on the implementation of the Emergency Economic Stabilization Act.

Krishna Guha discusses President Bush's meeting with members of the G-20 summit in an effort to fix the global economy.

For the first time, heads of governments from G-20 nations meet together to manage the growing international financial crisis. The focus is on identifying the underlying causes & establishing guiding principles for a global response. This afternoon, Pres. Bush addresses members at the end of its two-day session.
Pres. Bush Statement From Earlier

Nancy Birdsall, Center for Global Development, President, discusses the G-20 summit with an emphasis on how it will assist underdeveloped countries hit hardest by the instability in global financial markets.

Grant Aldonas, Center for Strategic & Int’l Studies, Senior Adviser discusses the G-20 financial summit and what could result from the meeting concerning stabilizing the global markets.

Pres. Bush warned against what he called excessive regulation as world leaders prepare for a summit on the financial markets. These remarks came during an event hosted by the Manhattan Institute in New York City.

Treasury Secretary Henry Paulson conducted a news conference, providing an update on the financial rescue package. During his comments, Sec. Paulson said the $700 billion will not be used to buy troubled assets.