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US Congress approves bail-out plan

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09-26-2008, 12:51 AM

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US Congress approves bail-out plan

US Congress have approved the $700 billion (£380 billion) financial rescue plan after a week of talks. The announcement comes after US billionaire investor, Warren Buffett, described the current financial turmoil as ‘an economic Pearl Harbour’. Buffett, who is one of the world’s richest men, along with Treasury Secretary, Henry Paulson, and US Federal Reserve chief, Ben [...]

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