The US House of Representatives has opened debate on a revised 700 billion dollar economic rescue package.
The White House urged lawmakers to pass the bill swiftly, saying it expected to recoup "much if not all" of the requested money. Lawmakers rejected an original version of the bill on Monday, triggering the worst fall on US stock markets in 21 years. The new package includes 150 billion dollars in tax breaks, and allows the government to buy the toxic bank assets considered to be the cause of the financial crisis. The Senate has voted in favour of the bill.
(Deutsche US finance market rescue deal rejected ...
White House defends decision to bail out AIG ...
President Bush hails Pakistan as strong ally ...
Ex-Bush spokesman Snow dies ... Welle)
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