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White House downplays worries about stock market plunge, says 'the fundamentals of this economy are very strong'

White House Deputy Press Secretary Raj Shah played down concern over the stock market's intense sell-off. Shah told reporters "markets do fluctuate" and "the fundamentals of this economy are very strong." White House officials are downplaying the recent chaos in the stock market, saying its a short-term wobble and the US economy remains resilient. " Look, markets do fluctuate in the short term," said White House Deputy Press Secretary Raj Shah.
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