Stephanopoulos: Paulson Says Foreign Firms will be Included in the Bailout

Sep 21, 2008 9:02am

ABC News’ George Stephanopoulos reports: Treasury Secretary Henry Paulson said this morning that the White House will push for foreign firms to be included in the $700 billion financial industry bailout.

"We are talking very aggressively with other countries around the world," Paulson said in an interview on ABC News’ "This Week." "If a financial institution has business operations in the United States, hires people in the United States…they have the same impact on the American people as any other institution."

Paulson, the architect of the bailout, also said that he will fight requests by Democrats to include a broader stimulus package in the bailout legislation.

"We need this to be clean and quick, and we need to get it in place," said Paulson.

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