Thursday, December 4, 2008

Economy News
Bailout still faces challenges: Paulson Reuters - 10 minutes ago
BEIJING (Reuters) - The United States has made clear progress in steadying its financial system, thanks in part to a $700 billion bailout fund authorized by Congress, but the rehabilitation process still faces many challenges, Treasury Secretary Henry

Paulson says China investments no threat to U.S. Reuters - 20 minutes ago
BEIJING (Reuters) - The United States is not threatened by the fact that China and other countries are big investors in U.S. securities, U.S. Treasury Secretary Henry Paulson said on Friday.

Street turns cautious ahead of employment report AP - Thu Dec 4, 6:10 PM ET
NEW YORK - A period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety ahead of the government's November employment report.

U.S. must ensure market aid is temporary: SEC's Cox Reuters - Thu Dec 4, 5:17 PM ET
WASHINGTON (Reuters) - The federal government must plan an exit strategy for several programs it has put in place to help rescue the financial system, the chairman of the U.S. Securities and Exchange Commission said on Thursday.

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