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White House officials scrambled to structure a new proposal that would attract reluctant lawmakers.
Wednesday, October 01, 2008 www.indianexpress.com
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Business
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Washington: Top congressional and White House officials, stunned when the House rejected a massive rescue plan for the nation's economy, scrambled to structure a new bailout proposal that would attract reluctant lawmakers and still soothe the unnerved financial markets.
"Doing nothing is not an option," House Majority Leader Steny Hoyer, D-Md., said after seeing the $700 billion emergency packag
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