US bailout plan to be unveiled

A rescue plan for the teetering American financial system, likely to impose restrictions and provide relief to homeowners, is to be unveiled today by US President Barack Obama's administration.

A rescue plan for the teetering American financial system, likely to impose restrictions and provide relief to homeowners, is to be unveiled today by US President Barack Obama's administration.

The "comprehensive financial stability plan" to be announced by Treasury Secretary Timothy Geithner at a news conference is expected to revamp the massive $700billion Troubled Asset Relief Programme. - AFP

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