Bush asks Congress for the power to buy toxic assets

Saturday, September 20, 2008 | 6:04 p.m. CDT; updated 10:59 p.m. CDT, Saturday, September 20, 2008

WASHINGTON - The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.

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