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Economic Update: The U.S. Bailout

Worried investors sent stocks tumbling and oil prices surging as congressional leaders worked to define the financial industry bailout. Highlights from yesterday:

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Bailout Proposal Meets Bipartisan Outrage
Article | The Bush administration sent some of its most powerful figures to Capitol Hill yesterday to rally support for a $700 billion plan to revive the U.S. financial system, but they encountered stiff resistance from lawmakers who are deeply skeptical of the proposal and angered by the administration's...

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