WASHINGTON (AP) — With the economy showing further signs that it is headed into a steep swoon, Treasury Secretary Henry Paulson is pulling more tricks out of his bag to try bolster the country’s battered financial sector.

The administration and the Federal Reserve rolled out two new programs Tuesday that would provide up to $800 billion in an effort to get more loans flowing in such critical areas as mortgage lending, credit cards, auto loans and small business loans.

Credit markets liked the new efforts, but private economists said the new moves were not likely to be the last changes in the government’s vast rescue program, which has already undergone significant alterations since it was passed by Congress on Oct. 3.

Analysts believe more work will need to be done because of their expectations that the economy’s vital signs will continue to worsen as the country slips into what many believe could be the worst recession since the early 1980s.

More news on economic performance will be revealed Wednesday with release of data on personal spending, orders to factories for big-ticket durable goods, new home sales and weekly applications for unemployment benefits.