Reuters: Paulson backs off asset plan; crisis deals at risk

[chris]

Paulson backs off asset plan; crisis deals at risk
      

NEW YORK (Reuters) - The Treasury backed away from using a $700 billion bailout fund to cleanse bank balance sheets of toxic mortgage debt, while Europe reported more gloomy economic news and the World Bank warned that international trade may contract in 2009.</p><div class="feedflare">
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