U.S. Is Investing $250 Billion in Banks

Treasury Chief Says Banks Must Deploy New CapitalTreasury Secretary Henry M. Paulson Jr., speaking in Washington on Tuesday morning, described the government’s bailout as “extensive, powerful and transformative.” The Federal Reserve chairman, Ben S. Bernanke, is at right.WASHINGTON - Describing the government’s financial bailout plan as “extensive, powerful and transformative,” Treasury Secretary Henry M. [...] continue reading the breaking news