The Financial Fix Just Got Political

The White House, feeling some pressure, will try to shape the debate with its plan to call for streamlined regulation and greater Fed powers
U.S. Treasury Secretary Henry Paulson Win McNamee/Getty Images

With political pressure growing to do more to help struggling homeowners and address the crisis in the financial markets, the Bush Administration is moving forward with its attempt to define what promise to be extensive debates over how the government can lessen the pain and reduce the chances of a reoccurrence.

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