Treasury Department Recruits Firms to Buy Back Toxic Assets

Kashkari appointed head of $700 billion bailout relief program

show that the U.S. budget deficit hit a record of about $438 billion in fiscal 2008, which ended Sept. 30. Another indicator showing that the markets are stressed is the Standard & Poor’s 500 stock market index, which fell by more than 25% over the past year.

Home sales rose 7.4% from July to August reported the National Association of Realtors adding the only bit of positive news this morning. Information on contracts awarded by Treasury will be posted on the Federal Business Opportunities Website or on the Federal Procurement Data System Website. Small businesses interested in participating in the procurement opportunity should contact the Treasury’s Office of Small and Disadvantaged Business Utilization at TreasuryOSDBU@do.treas.gov.

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