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News Now

Washington
Inside Washington (12/29/2008)
* WASHINGTON (12/30/08)--Rep. Barney Frank (D-Mass.), House Financial Services Committee chair, is working to get the last half of the $700 billion rescue package released before President-elect Barack Obama takes office. Frank said he hopes the $350 billion will stimulate the economy. He also is working on legislation that would require the funds to be spent on stopping foreclosures. Frank’s bill would limit executive compensation and require banks to report on their lending each quarter (The Associated Press Dec. 23).


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