WASHINGTON (AP) — The government's commitments to contain the financial crisis now approach $7 trillion.
That figure includes funds to guarantee certain corporate assets and debts, although those funds may never actually be spent. Still, the overall figure reflects the huge liabilities the government is taking on to battle the meltdown.
Among the government efforts announced Tuesday are plans to buy up to $600 billion in mortgage-related assets and up to $200 billion in loans for holders of securities backed by various types of consumer debt.
The new plans are the latest in a long list of government moves:
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