19/09/2008 Bush administration unveils a $700bn bailout
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Speaking in dire terms, President Bush pushed for a $700 billion government rescue plan during a pri
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$700 Billion Bailout Backlash
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Americans Sound Off on $700 Billion Rescue
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Congress OKs Financial Rescue, Bush Signs It
During the financial crisis in 2008, the US authorities enacted the Emergency Economic Stabilization Act, referred to as a bailout of the US financial system. The law authorized the US Secretary of the Treasury to spend up to $700 billion in order to help the economy. It is also known as the Paulson financial rescue plan.