Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion

by Benjamin Domenech on 9:55 am March 31, 2009

March 31 (Bloomberg) — The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

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