The Federal Reserve and the Treasury took another cautious step on Monday toward unwinding the sprawling emergency credit programs they erected in response to the financial crisis.
The two agencies said they would extend their joint program to finance consumer and business lending for up to six more months. But they pointedly added that they did not plan to expand it any further.
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(New York Times 08.17.09)
Filed under: Education News on August 21st, 2009