US Congress closer to endorsing bailout
China Daily | Updated: 2008-10-03 07:42
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US Senate Majority Leader Harry Reid (center) speaks as (from left to right) Senator Christopher Dodd, Senator Max Baucus, Senator Judd Gregg and Senate Minority Leader Mitch McConnell listen at a news conference following a vote on legislation drafted in response to the ongoing credit markets crisis on Capitol Hill on Wednesday in Washington, DC. AFP |
Shockwaves from the global credit crisis spread yesterday, threatening industry and jobs worldwide and putting pressure on the United States Congress to pass a $700 billion bailout of the country's financial sector.
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