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Archive Home > 2008 > November > 06 > Government details plans to borrow $550B

Government details plans to borrow $550B


November 6, 2008

WASHINGTON — One day after Barack Obama was elected the next U.S. president, the outgoing Bush administration detailed its plans to borrow a record $550 billion through the end of the year to back the financial bailout. The Federal Reserve, meanwhile, said it will boost interest....

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