Henry Paulson announces $800 billion more in federal aid on financial crisis
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Among the initiatives unveiled by the Treasury secretary is a $200-billion program to help ease the credit pinch for consumers in three areas: student loans, automobile purchases and credit cards.
The federal government’s new $800-billion initiative to revive the nation’s credit markets and reverse the deepening economic crisis propels the government into risky territory — the uncertain world of credit cards, student borrowing, auto loans and cash-strapped small businesses.
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