China Financial Daily

U.S. Federal Deposit Insurance Corporation will provide security for bank debt
As part of the U.S. governmen’s financial rescue measures, the Federal Deposit Insurance Corporation will provide up to 1.4 thousand billion U.S. dollars of bank debt of security with a period of more than three years. U.S. Federal Deposit Insurance Corporation Board of Directors approved this plan on the 21st, which aims to break the situation of inter-bank lending activity into standstill.

General Motors said it would consider some of the directors filing for bankruptcy
According to Japan’s Kyodo News quoting “The Wall Street Journal” report that the operation into a crisis so in the nation’s largest car manufacturer General Motors (GM), part of the directors said it would consider all options including the United States federal bankruptcy law in accordance with Article 11 of the bankruptcy. To consider this may be due to the uncertainty that the general expected the U.S. government financial assistance.

Bush signed a bill to extend the duration of unemployment benefits
As a rule, the United States be eligible for the unemployed for a period of 26 weeks, 300 U.S. dollars per capita per week as unemployment benefits. The new bill for unemployeds who have expired or are about to expired continue to provide 7 weeks of unemployment benefits. The unemployment rate is more than 6% in the state, which extended unemployment benefits for 13 weeks.