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IPFS News Link • Economy - Economics USA

Obama to Decide Soon Whether to Add to Bailout

• Washington Post
Lawmakers on Capitol Hill are bracing for a fresh request from President Obama for another massive round of spending to shore up the nation's faltering financial system, which could send the total price for the bailout soaring toward $1 trillion.

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Comment by Moury Roberts
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So far, Congress has approved $700 billion for the financial system rescue. The first half of that money has been committed, and lawmakers last week agreed to give Obama access to the second half. 




Moury Roberts

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