Rescue deal 'will cost billions'
Updated on 19 September 2008
The US has outlined a rescue plan costing hundreds of billions of dollars to sort out the toxic bank debts that plunged the world's economy into chaos.
Treasury Secretary Henry Paulson said the scheme to confront the worst US financial crisis in decades "needs to be big enough to make a real difference and get to the heart of the problem".
He gave few details but said he would work through the weekend with leaders of Congress to flesh out the programme, the biggest proposed government intervention in financial markets since the Great Depression of the 1930s.
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