US official says credit crunch easing (AP)

U.S. Assistant Secretary of Treasury, Clay Lowery speaks at his press conference in Tokyo, Japan, Monday, May 26, 2008. Lowery said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks. (AP Photo/Junji Kurokawa)AP - A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.
 

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