Current Events — HabitableZone

Current Events

Paulson says credit crisis may be fading

Unfortunately thats what hes said in MAY...
This administration has displayed incompetence for 8 years and we are supposed to believe this ISNT their fault?!

By Jeannine Aversa And Martin Crutsinger, AP Economics Writers

WASHINGTON — The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.
He ruled out a second stimulus package for now.

In an interview with The Associated Press, Paulson said the turmoil that has gripped Wall Street and that took a turn for the worse again in March has eased somewhat. "There's progress," he said. "I think we're closer to the end of this" than to the beginning.
....

http://www.usatoday.com/money/economy/2008-05-07-1863223847_x.htm

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