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More on the Debt-Buying Move and Ben Bernanke to Speak

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More on the Debt-Buying Move and Ben Bernanke to Speak After global stock markets fell — and the US's Dow Jones Industrial Average fell below 10,000 points for the first time since 2004 — the Federal Reserve announced it would create a new facility to buy the short-term debt (aka commercial paper) various companies hold. Today, Fed Chairman Ben Bernanke will discuss the economic outlook at 1:15 p.m. (EST). And while the $700 billion bailout package President Bush signed into law may help companies in the US, many think economics around the world will fall into recession.

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