Bush Cancels Fundraiser to Focus on Economy

Sep 23, 2008 2:37pm

ABC News’ Jennifer Duck Reports: The White House announced Tuesday that President Bush will postpone a scheduled fundraiser in Florida Wednesday so that he can focus on the economy, according to White House Press Secretary Dana Perino.

"The President will attend his scheduled meetings tomorrow in New York and will then return to Washington," said Perino. "His travel to Florida has been postponed so he can concentrate fully on the situation in the financial markets and the legislation before Congress.  We will let you know if there are any further updates to the President’s schedule."

Bush said Tuesday during a meeting with President Zardari of Pakistan in New York that he feels "confident" Congress will pass Treasury Secretary Paulson’s "robust" bailout plan.

"The Republicans and Democrats will come together to get this piece of legislation passed," said Bush, "which is necessary to address the financial situation and provide a rescue plan to make sure that there’s some stability in the markets."

Bush also cancelled fundraiser appearances in Alabama and Florida last Thursday due to his concern about the state of the financial markets.  Vice President Dick Cheney attended the Republican fundraisers in his place.

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