All hands on deck in US government bailout

Bangkok News.Net
Thursday 13th November, 2008

While the Bush administration has been shifting course on its $700 billion rescue plan, Congress is now examining whether even bigger changes should be made.

In light of the deteriorating economy Democrats have been holding hearings in both the House and Senate to examine various aspects of the financial crisis.

The House Oversight Committee has been examining the role that hedge funds may have played in recent market turbulence, while the Senate Banking Committee is hearing from executives from a number of financial institutions to determine
whether the government's $700 billion rescue effort is operating efficiently.

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