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U.S. markets recover from steep losses
WASHINGTON, Sept. 24 (UPI) -- Political wrangling over the U.S. Treasury's $700 billion bailout proposal for financial firms leaves the bill's final form up in the air, leaders said.
U.S. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson Jr. withstood five hours of questioning in a U.S. Senate Banking Committee hearing Tuesday, The New York Times reported.
Bernanke insisted a failure to help banks would be "a major drag on the U.S. economy."
Six weeks before a national election, many Republicans found themselves aligned against a Republican administration.
U.S. Vice President Dick Cheney meet with House of Representatives Republicans but the meeting didn't quell "the growing discontent" over the plan, Rep. Mike Pence, R-Ind., said.
Democrats have asked the bill include help for homeowners and limits on compensation packages for executives whose companies take part in the bailout.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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