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IPFS News Link • Economy - Economics USA

Obama to Decide Soon Whether to Add to Bailout

1-24-2009 • 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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Reported By Powell Gammill

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1 Comments in Response to Obama to Decide Soon Whether to Add to Bailout

Comment by Moury Roberts

Entered on: 12/29/2009 12:11:58 PM

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.

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Moury Roberts

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