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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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