John Schnatter 2012
- Sep 11, 2009
- Reaction score
- Political Leaning
Obama discusses economy, markets in advisers call | Reuters
Massachusetts (Reuters) said:President Barack Obama held a conference call with top economic advisers on Wednesday to discuss newly released grim data that has raised fears the economy is at risk of a new downturn.
Treasury Secretary Timothy Geithner and White House advisers Christy Romer and Larry Summers took part in the call with the president, who is vacationing on the Massachusetts island of Martha's Vineyard.
Government reports on Wednesday showed new single-family home sales slumped to the slowest pace on record in July and orders for costly durable goods were soft, heightening fears about the economy's direction.