President Bush will announce he plans to host a summit of world leaders in the near future to discuss the global response to the financial crisis, a senior administration official said today.
Word of the impending announcement came at Camp David where European leaders are lobbying Bush to hold a summit by year’s end.
The summit will focus on ideas to prevent a crisis from recurring in the future and to preserve the free market system, said the Bush administration official, who spoke on condition of anonymity because the announcement has not yet been made.