Almost frantically at times, federal officials are attempting to bolster the crumbling U.S. economy and prevent a global collapse.
The Federal Reserve and the Treasury Department have made unprecedented forays into the private sector in an effort to repair a financial system run amok.
Economists say such actions are needed.
“I think there’s no choice but to come to the rescue of the U.S. and global economies with concerted effort because the alternative is horrific,” said Nariman Behravesh, chief economist at IHS Global Insight.
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