• Most Popular
  • Most Shared

Paulson may tap rescue fund, roll out new program: report

Mon Nov 24, 2008 11:30am EST

Related Video

Video

U.S. Government bails out Citigroup

Mon, Nov 24 2008

(Reuters) - Treasury Secretary Henry Paulson is considering tapping the second half of the government's $700 billion financial-industry rescue fund, and rolling out new programs in response to worsening market conditions, the Wall Street Journal said, citing people familiar with the matter.

Barack Obama  |  Crisis in Credit  |  Economy

Among other things, Paulson is seeking ways to make it easier for households to borrow money and also looking for ways to reduce the burden of foreclosure on homeowners, the paper said.

The Treasury could not immediately be reached for comment on the report.

(Reporting by Ajay Kamalakaran in Bangalore; Editing by Greg Mahlich)
Barack Obama
Crisis in Credit
Economy


More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

» More Top News
Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008. REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

Global Markets
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary