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White House acknowledges leaving massive deficit
Washington: US President George W Bush's administration acknowledged on Monday that it would leave behind a massive budget deficit but could not say whether it would exceed one trillion dollars. Slideshow of the day: Huge discounts on cars! “The size of the budget deficit, whatever the number is, I can't predict whether it's going to be a trillion or something less than that,'' said White House

'GM lobbying hard for U.S. bailout'

General Motors Corp has been telling U.S. government officials that a bankruptcy filing by the automaker would set off a chain reaction hitting hundreds of its suppliers and dealers as well as its Det

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US bailout No 2!

Pitching for a second round of fiscal package, the US Federal Reserve Chairman, Ben S. Bernanke, on Monday said consideration of such an idea is appropriate as there is a risk of a "protracted slowdow

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US bailout plan: Indian investors remain nervous

Indian investors are a nervous lot, and say the bailout bill announced by the Congress is a much watered down version of what was expected and is needed to add liquidity in the system.

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US bailout package: Congress, govt agree on Bill

The US Congress and the Bush administration have finally agreed on the language of the $700 billion legislation intended to bail out institutions reeling under the massive financial crisis after a mar

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