Paulson Plan Gets a Hostile Reception in Congress, Stagflation Fear Is Not Justified |
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Paulson Plan Gets a Hostile Reception in Congress, Stagflation Fear Is Not Justified The Paulson rescue package is at the front and center of the debate of how to contain the crisis underway. Treasury Secretary and Chairman Bernanke testified today about the need to hasten the passage of the Treasury plan. The details are trickling in gradually. Paulson and Bernanke stressed the necessity to take swift action. The questions raised before and during the testimony clearly underscore the strong
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