The US Senate has passed a revised $US700 billion financial bail-out bill, bringing the rescue plan one step closer to final passage.
The vote is likely to send a positive signal to global markets that there may be some systemic relief to the crisis that has ensnarled global banking, threatening the world's economy. Any final passage of the US plan, though, will have to be agreed on by the US House of Representatives, which shocked the world days ago.
1.10.08
Who is rich? He that is content.
Posted by netID UK at 19:03
Labels: Banking, Monetary-Policy, Money, People, US Economy, USA
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