In testimony to Congress, the U.S. treasury chief and central bank chairman have strongly defended their management of the $700 billion financial and credit market rescue program. VOA's Dan Robinson reports from Capitol Hill, where the officials fac...
By Mil Arcega Washington 27 March 2008 U.S. Treasury Secretary Henry Paulson says investment banking firms should fall under the same government supervision and oversight that now covers commercial banks. The treasury chief's comments follow the emer...