Paulson Defends Economy Bailout Efforts

Treasury Secretary Hank Paulson tonight defended the Bush administration's actions to fend off a financial crisis that has already caused the stock markets to nosedive, financial institutions to crumble, and threatens to sink the U.S. auto industry. Paulson said that in his remaining two months in office he would continue to focus on supporting capital markets and financial institutions, brushing aside calls for a second round of stimulus and criticism that his Troubled Asset Relief Program has... Full Story