Bush Admits Concerns About Markets

WASHINGTON (AP) -- President Bush says he shares the American people's concern about the situation in U.S. financial markets and the economy.

Bush says the markets are adjusting to "extraordinary measures" the government has taken to stabilize the economy.

The president delivered a statement to the America people from just outside the Oval Office. He said that he and his advisers are working to promote stability in the markets. But Bush did not announce any new policy moves.

The president scrapped an out-of-town trip to monitor the situation and will meet later Thursday with Treasury Secretary Henry Paulson.

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.