Summary
WASHINGTON - While the Bush administration shifts course on its $700 billion rescue plan, Congress is examining whether even bigger changes should be made in the program in light of the deteriorating economy and soaring mortgage foreclosures.
The debate may not be resolved until President-elect Barack Obama takes office on Jan. 20 and pursues policies for administering the rescue program that are likely to be more closely aligned with his Democratic allies in Congress.See the full content of this document
Extract
Congress to Probe Bailout
In anticipation of the change of administrations, Democrats were holding hearings in both the House and Senate today examining various aspects of the most serious financial crisis to hit the country in 70...
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