Finance Leaders Say Bailout Is Urgent
1,144 views · Published 24 September 2008 · 3:11 · Indexed 23 September 2026
Channel: Voice of America · 2008 · News & Politics
The U.S. government's top economic officials appeared on Capitol Hill Tuesday to ask lawmakers to approve passage of a $700 billion rescue plan for the financial industry. Federal Reserve Chief Ben Bernanke and US Treasury Secretary Henry Paulson said the massive bailout is urgently needed to avoid financial disaster. But as VOA's Mil Arcega reports, there is growing frustration from members of both political parties over the hastily devised plan.
