US govt commits US$800b to unlock lending – WASHINGTON
US govt commits US$800b to unlock lending – WASHINGTON Fed to buy up to US$600b in housing debt and set aside US$200b for consumer loans The Fed’s US$200 billion (S$306 billion) lending programme will help banks to extend more credit to consumers and businesses, says Mr Paulson. — PHOTO: REUTERS WASHINGTON: The United States Federal Reserve took two new steps yesterday to unfreeze credit for homebuyers, consumers and small businesses, committing up to US$800 billion (S$1.23 trillion). The
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