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US Congress passes landmark $700bn bailoutThe US government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis. The US House of Representatives a More… |
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Global stocks upbeat on US bailout hopesWorld stocks began the final quarter of 2008 on an upbeat note on Wednesday as hopes grew that US lawmakers could reach agreement to revive a $700 billion bailout, but money markets remained stressed. The US Senate will vote later on a new More… |
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US bailout battle heads to weekend showdownCongressional Democrats said they expected a deal on a $700 billion financial rescue by Sunday, before Asian financial markets open, as conservative Republicans agreed to negotiate. Staff on Capitol Hill planned to work through the night t More… |
