The United States has announced a rescue fund to help alleviate bank debt. President George Bush has pledged billions of dollars to help resolve the global credit crisis the worst since 1930s. But will it help? And how will it function?

Duration : 0:3:1

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The heads of the three US automakers say they need immediate Financial Help or their companies could collapse. They told a US Senate banking committee that a proposed $25 billion rescue plan would help keep them on their feet. But many of the lawmakers doubt the aid will keep them afloat in the long-term and are blaming the automakers for their problems. Deborah Block reports from Washington.

Duration : 0:3:21

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