National News

Rescue gives way to rebuilding, repayment

      In a status report issued Sept. 14, the U.S. Treasury Department said the federal government is shifting “from rescue of our financial system to a period of stabilization, rehabilitation and rebuilding.” Certain government programs, including FDIC’s debt guarantee program and Treasury’s year-old guarantee for money market mutual funds, are winding down. Treasury said the programs do not need successors or extensions (although FDIC has proposed an emergency facility similar to the DGP, which would be . . .

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