Changes to government rescue plan - | WBTV Charlotte

Changes to government rescue plan

The markets are responding to a big announcement by US Treasury Secretary Henry Paulson.

Paulson says that the $700 billion government rescue program will not be used to purchase troubled assets as originally planned.

We're told the administration will continue to use $250 billion of the program to purchase stock in banks.

There is hope that move will bolster balance sheets and encourage banks to resume more normal lending.

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