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July 21, 2008

Bailout for the dollar? Don't hold your breath

  • Bernanke and other officials say the government is on the case of the plunging dollar, but they won't likely do anything about it.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Federal rescue plans are all the rage in Washington right now, for what seems to be everything but the dollar. The U.S. currency is not going to get a bailout, even though its steep decline is feeding inflation and straining the economy.

    Federal Reserve Chairman Ben Bernanke and other officials have assured us that the government is on the case of the plunging dollar.


     
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