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The Government Says
Unofficial blog of briefings from the Whitehouse. Based on DowningStreetSays.com.

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Whitehouse Press Briefings with alerts and comments - for you to read and respond to what the Press Secretary actually says, rather than what they were reported as saying.

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Q And do you have a figure on this new plan to buy commercial paper? How much is that going to cost?

MS. PERINO: This is the Fed's plan of -- the Federal Reserve this morning announced the creation of a program that they will use to buy commercial paper. I don't have details of it. That was an independent decision made by them. It was not part of the legislation. This was authority that they were able to take on their own, and it was part of a pattern that we've seen that the Fed is increasingly willing to find innovative ways to try to get the markets moving again, since that's the goal.

Jon.

seen at 09:00, 7 October in Whitehouse Press Briefings. Email this to a friend.
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