Fed's secret loans to banking giants revealed:
Credit Suisse, Goldman Sachs and Royal Bank of Scotland each borrowed at least $US30 billion ($29 billion) in 2008 from a Federal Reserve emergency lending program whose details weren't revealed to shareholders, members of Congress or the public.
Former President Clinton Retracts Default Comments:
Former President Bill Clinton retracted comments that the U.S. government could default on its debt for a few days without "calamitous" consequences, after being urged to do so by top White House officials, people familiar with the events said Thursday.
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