US government revises rescue plan

The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities.

The US Treasury submitted revised guidance to Congress on its plan late on Monday as lawmakers and lobbyists push their own agendas. The department also adjusted its plan to insure money-market funds to limit protection to balances as of Sept 19, after complaints from bank lobbyists.