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Quickly enacting a government program to save U.S. financial markets is the best option to avoid seeing the turmoil spread toward the broader economy, said Treasury Secretary Henry Paulson in his prepared testimony to be read before the Banking, Housing, and Urban Affairs Committee on Tuesday. "We...
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Congress needs to act swiftly to address the financial market turmoil and not drag the process of passing legislation with unnecessary provisions, Fed Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson told lawmakers on Tuesday in prepared remarks. "As you know, the U.S. economy continues...