U.S. Treasury Secretary Henry Paulson said on Tuesday that the government has already done a lot to address the foreclosure problem that continues to plague the U.S. housing industry and the economy, but more must be done.
“There’s been very signifcant progress,” Paulson said in answer to a question about Treasury’s approach to the housing foreclosure [...]

Here is the prepared statement of U.S. Treasury Secretary Henry Paulson on Wednesday, as released by the Treasury.
Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with important new authorities to complement existing ones. We [...]