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Unprecedented Bailout package by USA government

USA  government has proposed a historic $500 billion bailout of financial firms.   The Bush administration is asking Congress to let the government buy billions of dillar worth of  toxic mortgages in the largest financial bailout since the Great Depression.The plan would give the government broad power to buy the bad debt of any U.S. financial institution for the next two years. It would raise the statutory limit on the national debt from $10.6 trillion to $11.3 trillion to make room for the massive rescue. The proposal does not specify what the government would get in return from financial companies for the federal assistance.

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