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Tax rebates urged to rescue economy

(Agencies)
Updated: 2008-01-18 10:39


US Chairman of the Federal Reserve Ben Bernanke testifies before a House Budget Committee hearing on "The Near-Term Outlook for the US Economy" on Capitol Hill in Washington, January 17, 2008. Bernanke said on Thursday that losses in the US subprime mortgage market may have reached $100 billion so far and could climb, but would not top $500 billion. [Agencies]

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