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US Congress closer to endorsing bailout

皇冠体育app Daily | Updated: 2008-10-03 07:42

US Congress closer to endorsing bailout

US Senate Majority Leader Harry Reid (center) speaks as (from left to right) Senator Christopher Dodd, Senator Max Baucus, Senator Judd Gregg and Senate Minority Leader Mitch McConnell listen at a news conference following a vote on legislation drafted in response to the ongoing credit markets crisis on Capitol Hill on Wednesday in Washington, DC. AFP

Shockwaves from the global credit crisis spread yesterday, threatening industry and jobs worldwide and putting pressure on the United States Congress to pass a $700 billion bailout of the country's financial sector.

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