WASHINGTON (MarketWatch) — Americans should focus on the “ongoing strength and resilience of the U.S. economy,” White House press secretary Josh Earnest said Monday. Earnest was responding to a question about how market volatility in China affects the U.S. economy. Earnest also said Congress should avoid an “unforced error” and approve a budget for the next fiscal year when lawmakers return to Washington. The end of the fiscal year is Sept. 30. The Dow Jones Industrial Average has rebounded from its steepest losses of Monday’s session after the blue-chip index opened the trading day with a 1,000-point drop. But investors remain worried following a plunge in U.S. stocks last week and in China earlier Monday.
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