Washington, July 25: US President George W Bush will consider new measures to boost the US economy should it take a turn for the worse, the White House budget director said on Wednesday. Despite the recent sell-off in the stock market, Mitch Daniels, the director of the White House Office of Management and Budget, said the US economic growth was "exceeding expectations for the moment."

But he added: "If there should be some wobble in that, this president will be very quick to look for more options ... to make sure that the economy is growing."

Several business groups are advocating a capital gains tax cut and other measures that could encourage investors back into the stock market.
Bush and his Republican allies in Congress are under fire from Democrats for their response to a wave of accounting scandals which have eroded investor confidence and fueled a sharp drop in stocks. Bureau Report