Rescue hope
Evening Chronicle (Newcastle, England), Oct 3, 2008
STOCK markets, political leaders and millions around the world were on tenterhooks today as the lower house of the US Congress tried again to pass a pounds 397bn rescue package for the nation's economy.
The Senate stepped in and added more than pounds 56.2bn of sweeteners to proposals after the Bill's rejection by the House shocked and disappointed world leaders earlier this week.
President George Bush urged the lower house of Congress to act and approve the Bill in a vote today after it was passed by its upper house on Wednesday night. But stocks plunged again yesterday amid growing fears the government's financial rescue plan might not be enough to ward off a recession.
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