Politics & Government

January 12, 2010 6:29 PM

Fed returns billions to taxpayers, gets subpoena from Congress

In dual developments that underscored the complex reality of stressful financial times, the Federal Reserve said Tuesday that it returned to taxpayers a record $46 billion in profit from its rescue of the financial system, while a congressional committee announced that it had subpoenaed controversial bailout documents from the central bank.

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