Oil tops $80 before retreat as dollar strengthens
U.S. crude prices retreated after touching $80 a barrel on Tuesday while the dollar rose against the euro, with November crude settling at $79.09 and December at $79.12. Gasoline prices edged higher by 1.3 cents to $2.577 on average, with demand weak and refinery output seen shifting.
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Obama to broaden bailout fund aid for small banks and businesses
President Obama will announce a package to boost lending through TARP aimed at helping small banks and small businesses. The plan seeks higher SBA loan caps, tapping the 700 billion rescue fund while facing liberal and Republican pressure over fund focus and expiration.
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Troubled Asset Relief Program
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Jeb Hensarling
Texas
House Financial Services Committee
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