The United States' Senate is poised to vote on a new version of a 700-billion-dollar rescue package for the country's banking system. Backers of the bill from both political parties, including presidential candidates Barack Obama and John McCain, warned of potential economic disaster McCain accepts Republican nomination ...
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US officials say the bail-out must be approved quickly to restore confidence in the financial system. On Monday, the House of Representatives rejected an initial bill, triggering the worst fall on the US stock exchanges in 21 years. Should the Senate pass the package, as is expected, it will increase pressure on the lower house to follow suit when it reconvenes on Thursday.
(Deutsche Welle)
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