US politicians have finally agreed upon a $700bn deal to rescue America's financial system. The move allows the US Treasury to spend up to $700bn buying up bad debts from ailing US banks. George W. Bush has urged Congress to support the bill, which needs approval by both houses of Congress over the next couple of days.
I am not a great supporter of this bill but it seems better than the alternative of doing nothing and watching the US and so the West's economy collapse.
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