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Bush signs financial bailout package

WASHINGTON
Fri Oct 3, 2008 3:02pm EDT

WASHINGTON (Reuters) - President George W. Bush on Friday signed landmark $700 billion legislation to help lenders unload distressed real estate assets off their books, a move aimed at curbing a spreading financial crisis.

Crisis in Credit

The White House confirmed that Bush had signed the bill, which was approved earlier by the House of Representatives, just before he was due to leave for a political fund-raiser in St. Louis and a weekend stay at his Texas ranch.

(Reporting by Jeremy Pelofsky, Editing by Chizu Nomiyama)
Crisis in Credit


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