July 8, 2010
Updated Jul 8, 2010 at 3:25 PM EDT
President Bush today is getting a cautiously
upbeat report on the economy from his treasury chief.
Just back from a week in the Mideast, the president will hear
what Treasury Secretary Henry Paulson told business executives
while he was away.
Paulson said the country is "closer to the end of the market
turmoil than the beginning."
He says financial markets are "considerably calmer" than they
were just two months ago. One hopeful sign: new home construction
last month jumped by its biggest margin in two years.
Yet other economic measures are still way down, especially
consumer confidence. Amid rising gas and food prices, that's now at
its lowest level in 28 years.
