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Sec. Paulson Outlines New Financial Strategy

Treasury Sec. Henry Paulson has announced that next week the government will release a massive new plan to control the financial crisis. The new strategy will involve hundreds of billions of taxpayer dollars so the government can buy up the bad mortgages and other illiquid assets clogging up the financial system.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

David Kestenbaum is a correspondent for NPR, covering science, energy issues and, most recently, the global economy for NPR's multimedia project Planet Money. David has been a science correspondent for NPR since 1999. He came to journalism the usual way — by getting a Ph.D. in physics first.
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