Federal Response Plan to Market Turmoil
Peter Orszag testified about a Bush administration proposal to approve $700 billion to assist financial markets and the economy. Among the t… read more
Peter Orszag testified about a Bush administration proposal to approve $700 billion to assist financial markets and the economy. Among the topics raised were government intervention in private markets, the sweeping powers to be given to the Treasury Secretary, the burden put on taxpayers, and the lack of time before Congress recesses for further consideration of the plan. close
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