President Obama promised to establish a review board to oversee the government's $700 billion rescue package aimed at averting a financial meltdown, declaring that some of the nation's banks would have to write down bad debts, while other banks may fail. The president said he was taking full responsibility for rescuing the U.S. economy, in its worst downturn in 80 years.
The Institute for Supply Management’s manufacturing index rose to 35.6 in January from an upwardly revised 32.9 in…
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