October 3, 2008 / 7:04 PM / 11 years ago

Bush signs financial bailout package

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.

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

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