Paulson backs off asset plan; crisis deals at risk
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20081112/2008_11_12t122412_450x292_us_financial6.jpg?x=130&y=84&q=85&sig=2tKe3MIHTN9RnP57KKwpYg--" align="left" height="84" width="130" alt="Treasury Secretary Henry Paulson speaks during a news conference at the Treasury Building in Washington November 12, 2008. (Molly Riley/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081112/bs_nm/us_financial6)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><br clear="all"/>
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