The Newsline 19th September

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BBC>US President George W Bush has warned the US economy is at a "critical moment", and vowed to get his Wall Street rescue plan through Congress.

He said the consequences would be "painful and lasting" if the $700bn (£380bn) deal rejected by the US House of Representatives was not passed.

ITV To Lay off 400+ Jobs

ITV News plans to axe over 400 jobs, including journalists and broadcast staff, under major cost-cutting plans.

Hundreds of jobs to go in cost-cutting plans

A letter sent to employees across the country said current staffing levels of 1,075 would be reduced to 646 - a loss of 429 jobs.

Unions condemned the proposals and warned of possible industrial action.

ITV News said while volunteers were being sought, it could not rule out compulsory redundancies.

John Cresswell, chief operating officer, said: "We are committed to a self-help, self-funding, solution to securing ITV's future.

"In order to sustain our investment in UK content, we have to keep on top of our cost base."