Paulson, Bernanke To Update on Bailout
Treasury Secretary Hank Paulson and Federal Reserve chairman Ben Bernanke are to update senior Democrats, including House of Representatives Speaker Nancy Pelosi, regarding how the $700bn market bailout plan is working.
The bailout has been the subject of speculation in the past week following the move to open it beyond the banking and money markets to insurance giant AIG and further rumours that it could be used to bail out the Detroit Three.
