U.S. Has No Plan to Close Its Financial Markets (Update1) By Holly Rosenkrantz Oct. 10 (Bloomberg) -- The U.S. has no plans to close its financial markets, White House spokesman Tony Fratto said. ``There are absolutely no plans or discussions to interfere with the functioning of markets in the United States,'' Fratto said in an e-mailed response to a question. Fratto was responding to comments today from Italian Prime Minister Silvio Berlusconi, who said that governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession.
By Holly Rosenkrantz
Oct. 10 (Bloomberg) -- The U.S. has no plans to close its financial markets, White House spokesman Tony Fratto said.
``There are absolutely no plans or discussions to interfere with the functioning of markets in the United States,'' Fratto said in an e-mailed response to a question.
Fratto was responding to comments today from Italian Prime Minister Silvio Berlusconi, who said that governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession.
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