WASHINGTON - The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available.
The new programs from the Federal Reserve and Treasury Department are the latest effort to provides billions in government support to get the U.S. financial system back to more normal operations and keep the country from sliding into a deep and prolonged recession.
By JEANNINE AVERSA AP Economics Writer
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