Bailout Could Deepen Crisis, CBO Chief Says

Asset Sales May Lead to Write-Downs, Insolvencies, Orszag Tells CongressPeter R. Orszag, director of the Congressional Budget Office, testifies on Capitol Hill yesterday. (By Brendan Hoffman — Getty Images)The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.During testimony before the House Budget [...] continue reading world news