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  
石阡县| 阳西县| 新平| 梨树县| 凤城市| 城步| 宜川县| 芒康县| 儋州市| 汉川市| 广水市| 来安县| 闻喜县| 夏河县| 茂名市| 郎溪县| 库尔勒市| 加查县| 德保县| 辽源市| 吉木乃县| 剑阁县| 长乐市| 临泽县| 钟祥市| 通州区| 偃师市| 大同县| 晋宁县| 木兰县| 峨眉山市| 诸暨市| 江油市| 长治市| 南充市| 根河市| 平顶山市| 山丹县| 阿巴嘎旗| 孝昌县| 榕江县|