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Page last updated at 16:18 GMT, Tuesday, 23 September 2008 17:18 UK

Paulson urges speedy bailout

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US Treasury Secretary Henry Paulson has urged Congress not to delay a $700bn bail-out of the country's banking system.

Speaking before the Senate Banking Committee, Mr Paulson also defended criticisms of the Treasury's recent rescue of key mortgage firms Fannie Mae and Freddy Mac.

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