President Discusses the Bipartisan Economic Growth Agreement VIDEO PODCAST

With Secretary of Treasury Hank Paulson looking on, President George W. Bush delivers a statement on the Bipartisan Economic Growth Agreement Thursday, Jan. 24, 2008, in the James S. Brady Press Briefing Room at the White House. Said the President, "I thank the Speaker and I thank Leader Boehner for their hard work... and for showing the American people that we can come together to help our nation deal with difficult economic challenges." White House photo by Chris Greenberg

President Bush Discusses the Bipartisan Economic Growth Agreement. FULL STREAMING VIDEO. James S. Brady Press Briefing Room Fact Sheet: New Growth Package Meets Criteria to Keep Our Economy Healthy 2:31 P.M. EST. PODCAST OF THIS ARTICLE THE PRESIDENT: This morning my administration reached an agreement with Speaker Pelosi and Minority Leader Boehner on an economic growth package. Mr. Secretary, thank you for handling negotiations. Appreciate your hard work. This agreement was the result of intensive discussions, many phone calls, late-night meetings, and the kind of cooperation that some predicted was not possible here in Washington. It also required patience, determination, and good will on all sides.

I thank the Speaker and I thank Leader Boehner for their hard work and for their leadership, and for showing the American people that we can come together to help our nation deal with difficult economic challenges.

I am pleased that this agreement meets the criterion that I set forth last week to provide an effective, robust, and temporary set of incentives that will boost our economy and encourage job creation. This package has the right set of policies and is the right size. The incentives in this package will lead to higher consumer spending and increased business investment this year. Importantly, this package recognizes that lowering taxes is a powerful and efficient way to help consumers and businesses. I have always believed that allowing people to keep more of their own money and to use it as they see fit is the best way to help our economy grow.

I'm also pleased that this agreement does not include any tax increases, as well as unnecessary spending projects that would have little immediate impact on our economy.

I know Americans are concerned about our economic future. Our economy is structurally sound, but it is dealing with short-term disruptions in the housing market and the impact of higher energy prices. These challenges are slowing growth. Yet Americans can also be confident about our long-term outlook. Our economy is strong, it is dynamic, and it is resilient. It has led the world for many decades, and with the right policies in place, including the extension of the tax cuts passed in 2001 and 2003 that have helped our economy, I firmly believe we're going to continue to lead the world.

Because the country needs this boost to the economy now, I urge the House and the Senate to enact this economic growth agreement into law as soon as possible. We have an opportunity to come together and take the swift, decisive action our economy urgently needs.

Secretary Paulson is here to answer any of your questions. At my request, he has taken the lead in negotiations, like I mentioned, and you did a superb job, Mr. Secretary.

END 2:34 P.M. EST. For Immediate Release Office of the Press Secretary January 24, 2008

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President Bush postpones National Drug Control event after Heath Ledger death

Heath Ledger as Ennis Del Mar, Brokeback Mountain character

President Bush postponed an event to promote an advertising campaign on preventing prescription drug abuse. The President had been scheduled to talk this morning January, 23 2008, about the Office of National Drug Control Policy's television advertising campaign to prevent prescription drug abuse and raise the awareness of abuse of prescription painkillers. "We felt it would be better not to hold the event today given the tragedy of yesterday's passing of the beloved actor, we did not want anyone to think we were trying to link into that story in any way," Said White House Press Secretary Dana Perino. The event has been rescheduled because it fell just a day after Ledger was found dead in his New York apartment.

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