Bush Calls for Calm, Fast Action in Congress

In an unannounced press conference Tuesday, President Bush reassured Americans that the U.S. economy "is basically sound."

Bush also tried to allay fear that bank deposits were at risk. "If you're a depositor, you're protected by the Federal government," he said. The Federal Deposit Insurance Corp. insures deposits up to $100,000.

Bush pointed to the following positive key factors: first-quarter gross domestic product exceeded expectations and showed growth; productivity remains high; and the stimulus package has given the American consumer more spending cash. ...