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U.S. has 'big job ahead'

Treasury Secretary Henry Paulson told a sold-out crowd at the Reagan Library on Thursday that the financial crisis is the top priority today, but he is confident bipartisan and global cooperation will ensure surviving the difficult journey ahead.

"Our first priority is on stability and recovery," he said, "and then we will need to repair our financial system and the global system to help prevent this from ever happening again."

About 900 people attended the lecture, and Nancy Reagan was absent because of her health. Many people came with questions for Paulson about the economy, stock markets, foreclosures and more.

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