The United States Congress is to vote on Monday on a 700-billion-dollar rescue package to save America's Japanese central injects 1.5 trillion into financial system ...
US air strike kills eight family members in Iraq ...
Two bodies found at UK arson house ...
Depression link to poor driving ... financial system.
The bailout package was agreed upon by US lawmakers after tense negotiations between rival party leaders and White House officials. It allows the treasury secretary to buy up bad debts from troubled banks in the hope of easing the credit flow and reviving the housing market. If approved, it will be the largest government economic intervention since the Great Depression of the 1930s. Nancy Pelosi, the Speaker of the House of Representatives, spoke of "the end of an era". US President George W. Bush has urged Congress to approve the bill, saying it was needed to prevent "a system-wide breakdown".
(Deutsche Welle)
more info >>
<< Back