Treasury Secretary Paulson pledges quick action on rescue plan - Spokane, North Idaho News & Weather KHQ.com

Treasury Secretary Paulson pledges quick action on rescue plan

WASHINGTON - Treasury Secretary Henry Paulson is pledging quick action to get the $700 billion rescue program up and operating.

Paulson declined to answer questions from reporters about how the auction program will work, but he said he already has Treasury staffers working on those details so the program will not be delayed once President Bush signs the legislation.

Talking to reporters minutes after House approval on Friday, Paulson said, "This was obviously a very important vote. It was a vote to protect the American people ... and their jobs."

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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