To stabilize US economy and the financial system, the Federal Reserve has announced to offer another 
$800bn stimulus.
According to the US Treasury Secretary Henry Paulson, the package has been announced for the availability of more lending to consumers.
The new package will be used to buy mortgage-backed securities and thaw out the freezing consumer credit market.
US President-elect Barack Obama says: “Budget reform is essential because of the current economic crisis. And it’s not an option, but a necessity.”
Meanwhile Mr. Paulson said, “It would take some time to get out of these difficulties in US market and economy and we will have to face new challenges.”
“We are determined to handle these situations efficiently and use all the available tools to strengthen our financial institutions and stabilize financial markets.”
