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Trading Now

Tuesday, February 10, 2009

Future of credit markets rests with Geithner's plan


Congressional approval of U.S. President Barack Obama's proposed stimulus could be rendered meaningless if the government does not find a way to break the logjam in credit markets and restart lending to consumers and businesses. A rescue for credit markets, scheduled for announcement Tuesday by Treasury Secretary Timothy Geithner, could determine whether the president's program would turn out to be a powerful tool or another failed attempt to turn around the U.S. economy. Bloomberg (10 Feb.)

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