U.S. Working to Get Economy Moving: ; Coordinated Efforts by European, U.S. Officials Have Brought a Measure of Relief to the Markets

Summary

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WASHINGTON - The Bush administration said today it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in banks to help thaw frozen lending and get the economy moving again.

The announcement came as Europe's central banks began to take unified actions today aimed at easing the credit crisis.

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U.S. Working to Get Economy Moving: ; Coordinated Efforts by European, U.S. Officials Have Brought a Measure of Relief to the Markets

The coordinated efforts by European and U.S. authorities to prop up the banking system brought a measure of relief to markets. European mar...

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