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Reuters: U.S. reaches bailout deal in bid to stem crisis

Started by counter, September 28, 2008, 10:00:28 AM

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U.S. reaches bailout deal in bid to stem crisis
      


WASHINGTON (Reuters) - U.S. lawmakers on Sunday were set to sign off on a deal to create a $700 billion fund to buy bad debt from ailing banks in a bid to stem an escalating credit crisis that threatened to engulf the global economy.
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