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Transcripts For CNNW CNN Newsroom 20110809

at least for the moment. stocks bounced back in early trading today, after monday s 634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over today s fed meeting, and there s speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. that s happening this afternoon. they re going to size out the new market turmoil that is fearing that is fully feeding fear of double-dip recession. the president is promising to help a special congressional commission find a long-term fix for the finances. i intend to present my own recommendations over the coming weeks, on how we should proceed. and that committee will have this administration s full cooperation. and i assure you, we will stay on it until we get the job done. so, congress has to appoint the commission by next tuesday. that is just a week from today. the six democrats, and six republicans will have until novem

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