61. News that a financial rescue package for Brazil was being assembled also helped push the dollar up against the German mark and other major currencies. 62. Nonetheless, the rescue package offered a strong vote of confidence in the South Korean economy and touched off a sharp rally in bank stocks Thursday. 63. Next, he said, the rescue package would be presented for the approval of British government officials, which is considered likely. 64. Now the government is saying that it holds even more debt than it stated when it signed the rescue package. 65. On Thursday, he thanked Gingrich for cooperating on a fiscal rescue package for Mexico two years ago. 66. ORANGE COUNTY PLAN MOVES CLOSER The California legislature moved closer to adopting a rescue package intended to restore bankrupt Orange County to solvency by next spring. 67. Quietly, the IMF and the Russians opened negotiations over the rescue package. 68. Ravitch said Wednesday that without Fink, the politically difficult subway system rescue package, which included tax increases, would never have passed. 69. Q - How will a rescue package help? 70. Q - Why is the rescue package necessary? |