Bush says it will take time to unfreeze credit - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bush says it will take time to unfreeze credit

WASHINGTON (AP) -- President Bush says the United States' "serious financial crisis" has moved beyond Wall Street.

  But he says Americans can be confident government actions will set things right over time.

  The president cautioned that it will take time to thaw out the frozen credit system so that people and businesses can get the loans they need to get the economy moving.

  Bush, offering his reassurances in a speech to the U.S. Chamber of Commerce Friday, said the rescue moves are "big enough and bold enough to work."

  He says the U.S. is working with European nations to resolve what has become a global crisis. He said, "We're determined to overcome this challenge together.'

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