Fed Cuts Rate; White House Ponders Larger Stimulus Package

WASHINGTON (Fox 8 News) - President Bush won't rule out the possibility of a larger economic stimulus package than the $150 billion program already outlined to reinvigorate the ailing economy, the White House said Tuesday.

Bush last week offered the outline of a short-term economic boost, but the slumping of the global economic market since then has raised the question about whether he's willing to broaden the package. Word of the administration's thinking came on the same day that the Federal Reserve announced a three-quarter percentage point cut in a key interest rate to steady the economy.