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It's déjà vu for Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson. Today they'll be grilled by a House committee over the big bailout plan.
Utah lawmakers are sounding off on the $700-billion plan.
None of Utah's congressmen is jumping for joy about the plan. Rep. Jim Matheson says the bailout bill puts Congress in an awkward position.
He told the Deseret News, "I would like to see a consensus by a lot of people that the proposal would have a positive impact on the markets before I support it."
Sen. Orrin Hatch is not impressed. Rep. Chris Cannon says he may vote against it.
Sen. Bob Bennett says they need a plan, but he's not sure if this is the right one. He's on the Senate Banking Committee, but is concerned about the details of how the bailout will work.
He told the newspaper, "Before I support any plan, I will need to be assured that the benefit to the taxpayers is higher than the cost, and I will review the plan very carefully with that in mind."
But Rep. Rob Bishop says it may be the only option and doing nothing may be worse.
Many Congressmen say they want more information and more safeguards for taxpayers.
E-mail: mrichards@ksl.com
