President George Bush called for stiff new penalties for corporate criminals and a crackdown on boardroom scandals today.

George W Bush is to outline plans to crack down on business practices that have fuelled corporate scandals and shaken public faith in much of corporate America.

US President George W Bush has pressed Congress to fully fund the war on terrorism at home and abroad, saying some accounts could be depleted in a matter of days and that ‘‘further delay is intolerable’’.