google.com, pub-6952411034055902, DIRECT, f08c47fec0942fa0 The Chronicle, U.S.A.: Fed bets $800 billion on consumers

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Tuesday, November 25, 2008

Fed bets $800 billion on consumers

President-elect Barack Obama will speak at a news conference today on federal spending. Central bank and Treasury announce a massive plan to jumpstart lending. Will make $200 billion available for a range of consumer loans - including credit cards and car loans - likely won't be up and running until February.

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