Two big accounting firms chosen for rescue program - WKOW 27: Madison, WI Breaking News, Weather and Sports

Two big accounting firms chosen for rescue program

WASHINGTON (AP) -- The government has selected two major accounting firms to help it manage the $700 billion rescue program for the financial system.

  The Treasury Department said Tuesday it had chosen PricewaterhouseCoopers to be the auditor for the program.

  Ernst & Young will provide general accounting support.

  The two firms will work on the part of the rescue program that is handling the purchase of troubled assets from banks as a way of encouraging them to resume more normal lending.

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