President Bush plans to host a summit of world leaders to discuss the global response to the current financial crisis, according to published media reports.

Bush announced the plans as he welcomed French President Nicolas Sarkozy to Camp David Saturday evening for dinner and talks, according to a report published on The Wall Street Journal's Web site.

The summit is expected to be held before the end of the year, the report said, adding that the United Nations has offered its headquarters as a meeting place.

The gathering likely will include the members of the G8 (Canada, France, Germany, Italy, Japan, Russia, the U.K. and the U.S.) as well as developing countries like Brazil, India and China, the report said. Australia, Saudi Arabia, South Africa and Switzerland also are potential invitees, the report added.

This article was written by a staff member of TheStreet.com.

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