Tuesday, September 23, 2008

Bernanke: Recession more likely without bailout

Publicado por A Toda Costa
US Treasury Secretary Henry Paulson(L) and US Federal Reserve Chairman Ben Bernanke, seen here before the Senate Banking Committee on Capitol Hill, Congress Tuesday to swiftly pass a 700-billion-dollar Wall Street bailout, warning the entire US economy was at risk.(AFP/Nicholas Kamm)
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AP - 2 minutes ago

WASHINGTON - Federal Reserve Chairman Ben Bernanke bluntly warned reluctant lawmakers Tuesday they risk a recession with higher unemployment and increased home foreclosures unless they act on the Bush administration's $700 billion plan to bail out the financial industry.

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