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05-07-2008, 11:25 AM #1
Paulson says credit crisis may be fading
This is the first bit of encouraging news I've read about the economic state of affairs in our country in a long time.
WASHINGTON - Treasury Secretary Henry Paulson said Wednesday the worst of the credit crisis may have passed but acknowledged that rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now.
In an interview with The Associated Press, Paulson said that the turmoil that has gripped Wall Street and took a turn for the worse yet again in March has eased somewhat. "There's progress," he said. "I think we're closer to the end of this than the beginning."
05-07-2008, 01:24 PM #2
05-07-2008, 01:28 PM #3
05-07-2008, 11:56 PM #4