国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
US Congress balks at huge financial bailout
(Agencies)
Updated: 2008-09-24 10:35


(L-R) US Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, and Securities and Exchange Commission Chairman Christopher Cox testify before the Senate Banking Committee on Capitol Hill September 23, 2008. [Agencies]

Washington - A battle over the US government's financial rescue package heated up in Congress Tuesday, with top finance officials urging its swift passage and lawmakers digging in their heels.

Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson, testifying to Congress after proposing the 700-billion-dollar bailout just days ago, argued that lawmakers must pass the emergency measure quickly or put the entire US economy at risk.

"What they have sent to us -- this is not acceptable," Senator Christopher Dodd, chairman of the Senate Banking Committee, told reporters after Bernanke and Paulson testified.

"A lot of reservations have been expressed this morning by Democrats and Republicans on this matter," said Dodd, a Democrat. "This is not going to work."

"They're going to have to come back and work with us," he said.

The two finance chiefs were to face more grilling Wednesday at a hearing of the House of Representatives Financial Services Committee amid rising opposition to what would be the largest US government financial intervention since the 1930s Great Depression.

Democratic congressional leaders and some Republican colleagues have insisted the bailout, crafted by Paulson, a former Goldman Sachs president, include sweeping safeguards and oversight to protect US taxpayers.

Bernanke told the Senate banking panel that despite unprecedented steps already taken by the Republican administration to confront the crisis, global financial markets "remain under extraordinary stress."

Action was "urgently required to stabilize the situation and avert what otherwise could be very serious consequences for our financial markets and for our economy," he testified at a Senate Banking Committee hearing.

Paulson, echoing Bernanke's comments, warned that if Congress did not act quickly, a credit crisis could threaten "all parts of our economy."

The warnings came as US President George W. Bush vowed before world leaders at the United Nations headquarters that US lawmakers would approve the country's largest financial bailout since the 1930s Great Depression.

   Previous page 1 2 3 4 Next Page  
河源市| 秦安县| 区。| 万盛区| 普定县| 庆安县| 金昌市| 龙口市| 札达县| 寻乌县| 喜德县| 昆山市| 永福县| 紫云| 寿光市| 麻栗坡县| 宿迁市| 扶绥县| 嘉义县| 曲沃县| 建宁县| 衡东县| 三穗县| 宣武区| 舒兰市| 西林县| 彭水| 河西区| 徐汇区| 郎溪县| 嘉祥县| 株洲市| 蒙自县| 张家川| 布尔津县| 长丰县| 衢州市| 景德镇市| 平度市| 余干县| 通州市|