Due to continued economic worry, stocks have fallen recently to a 12 year low of 7,114, while crude oil fell to $38.44.  European markets fell as well.  Watch the video of the report below:

Fed Chairman Ben Bernanke has warned that the economic turmoil that we have fave recently will likely follow us into the future. He said that the Federal Reserve will continue to use its power to try to improve market function and liquidity.

President Bush said that the recently approved bailout plan will not help the economy immediately, but will work out in the long run. He said that the $700 Billion will not be a total loss and will not end up costing so much. According to the President, the assets that will be purchased with the $700 billion will appreciate in value and the government will be able to recoup most if not all of its expenditure on the bailout.