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McCain offers requirements for bailout support
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FREELAND, Mich. (AP) -- Republican presidential candidate John McCain said Tuesday that he supports a $700 billion bailout of U.S. financial markets, but suggested improvements to the Bush administration's proposal to increase oversight and limit compensation for executives.
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Dire warnings fail to sway senators on big bailout
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WASHINGTON (AP) -- Refusing to be pushed, Republicans and Democrats alike rebuffed dire warnings Tuesday from the government's top economic officials of recession, layoffs and foreclosed homes if Congress doesn't quickly approve the administration's emergency $700 billion financial bailout plan.
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Business startup costs that shock new owners
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Every year thousands of perfectly intelligent Americans jump into new business ventures without doing all their homework. Oh sure, they've tested the market and created a business plan. They've lined up a lawyer and accountant, purchased equipment and set up a Web site. But even though they may think they've covered all the bases, surprise expenses pop up in the most unusual places.
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House takes up Senate-passed tax break package
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WASHINGTON (AP) -- Major tax legislation that would save 20 million people from the clutches of the alternative minimum tax and renew dozens of popular tax breaks for businesses and individuals is being taken up in the House, where its fate is uncertain.
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Obama, McCain, cautiously watch financial debate
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WASHINGTON (AP) -- Presidential rivals Barack Obama and John McCain warily addressed the nation's financial crisis and a proposed $700 billion response Tuesday, demanding changes in the Bush administration's plan without specifying exactly what would trigger their outright opposition.
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Crisis Policymaking and Election Season
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Congressional hearings are a source of information for legislators. They are also political theater, as relatively unknown people get some exposure on the national stage. Most will eventually support the legislation, so it would be a mistake to take it too seriously, as many did today. Two Side of the Argument
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