Bailout watchdog: Crisis response worked, somewhat

Portugal Approves Austerity Budget
The budget plan for 2011 is aimed at reassuring nervous lenders that the country can avoid a bailout by meeting its deficit-cutting targets.

Treasury extends bailout program to October 2010
Treasury Secretary Timothy Geithner on Wednesday moved to extend the government's $700 billion bailout fund into October 2010 and pledged to deploy no more than $550 billion of it.

Treasury IG to review GM, Chrysler dealer closings
The inspector general for the Treasury Department's $700 billion bailout fund said Thursday that he will review the decisions of General Motors and Chrysler to close a large portion of their...

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