In Congress, Concern Over $700 Billion Bailout

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After a dramatic week on Wall Street that saw the rescue of some companies and the failure of others, Treasury Secretary Henry Paulson took to the airwaves Sunday to explain why he wants Congress to pass legislation to help him shore up the economy.

Paulson said access to $700 billion in taxpayer funds to buy up bad mortgage debt is what's needed to make the financial system operate normally again.

In Washington, criticism of the plan came even from Republican corners. And some Democrats say they want oversight on how the money is spent.



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