A $700 billion plea
September 24th 2008 05:37
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Sep 23 - The architects of a $700 billion financial bailout warned Congress that delaying action would put the economy at risk.
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke want lawmakers to approve a massive war chest, funded by taxpayers, to buy distressed debt from financial institutions to try to keep credit markets from freezing up.
Deborah Lutterbeck reports.
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