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Q.

BEWARE of a second recession (Double Dip recession)

WASHINGTON (AP) -- The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight of the financial industry, President Barack Obama said Saturday.

The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.

"Every day we don't act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities," Obama said

About: Money

Tags: education, ap, president
Asked by Rajneesh, 17 Apr '10 08:45 pm
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Answers (3)

1.

This proves the situation is graver than thought of.Now collapse will be seen with diabolic news of deadly nature by the last quarter.
Answered by vishwabandhubajpai, 18 Apr '10 05:17 am

 
  
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2.

Yhx for info
Answered by RSehgal, 17 Apr '10 11:00 pm

 
  
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3.

Can u ever write anything good. every time you are giving such news only. what is wrong with your sir
Answered by rajan, 17 Apr '10 08:49 pm

 
  
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