Yahoo! News :: Business

Fed, Treasury take steps to confront financial crisis (AFP)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20081006/pl_afp/usfinancebankingbankrate"><img src="http://d.yimg.com/us.yimg.com/p/afp/20081006/capt.cps.nuu00.061008232838.photo00.photo.default-413x512.jpg?x=104&y=130&q=85&sig=Xici_HpZq_1hq46mdg.mqg--" align="left" height="130" width="104" alt="US Treasury Secretary Henry Paulson smiles as he waits for US President George W. Bush on the steps of the Treasury Department in Washington, DC on October 3, 2008. The Federal Reserve and the US Treasury, armed with new emergency powers, announced measures Monday to tackle a rapidly escalating financial crisis as panicked investors fled stock markets.(AFP/File/Yuri Gripas)" border="0" /></a>AFP - The Federal Reserve and the US Treasury, armed with new emergency powers, announced measures Monday to tackle a rapidly escalating financial crisis as panicked investors fled stock markets.</p><br clear="all"/>