by Calculated Risk on 1/11/2008 03:04:00 PM

Update: Here is the Bloomberg article: Paulson Says Time `of the Essence' in Any Stimulus

A few headlines from Secretary Paulson (Brian via Bloomberg TV Interview):

U.S. Consumer faces "Challenges"

Housing is "by far" the most serious risk to the economy.

Economy slowed "rather materially" at the end of 2007.

Purpose of any Stimulus package is to help this year. "Time is of the essence"