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Posted: 3:44 PM Dec 1, 2008
Paulson says other rescue programs being examined
Treasury Secretary Henry Paulson says the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.
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WASHINGTON (AP) -- Treasury Secretary Henry Paulson says the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.
Paulson says the program has distributed $150 billion out of the $250 billion earmarked to buy stock in banks as a way to boost their resources so they can lend more.
He says the administration is looking at other ways to utilize the rescue package, including alternatives for providing capital to financial institutions.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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