Paulson pledges quick action on rescue program

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October 3, 2008 21:17

 
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Treasury Secretary Henry Paulson is pledging quick action to get the $700 billion US rescue program up and operating quickly. Paulson refused to answer questions from reporters about how the auction program will work, but he said he already had Treasury staffers working on those details so that the program will not be delayed once President George W. Bush signs the legislation. Talking to reporters minutes after the House of Representatives passed the legislation on Friday, Paulson said, "This was obviously a very important vote. It was a vote to protect the American people ... and their jobs."

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