Bush scraps speech on financial markets with little explanation
WASHINGTON (AP) — With little explanation, President Bush on Tuesday scrapped a statement he planned to give on the tumultuous financial markets, abandoning any press coverage of his meeting with key economic advisers as more developments roiled Wall Street.
As announced by the White House, Bush was scheduled to make comments to a pool of reporters after huddling with a key financial working group led by Treasury Secretary Henry Paulson. Its members include Federal Reserve Chairman Ben Bernanke and other key government figures in the field of commerce.
Yet after the session began, the White House told the press never mind. Spokesman Tony Fratto said only: "We decided it would be best to limit public comment about markets today." He declined to offer any explanation about why limiting Bush comment would be best, or why on this particular day.
The meeting went on as planned.
The rest of the Associated Press story can be read at this link.