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Obama Urges Congress to Jump-Start U.S. Economy with Tarp Funds
President-elect Barack Obama yesterday (Monday) asked Congress to release the remaining $350 billion in bank bailout money that’s part of the $700 billion Troubled Asset Relief Program (TARP).
In a letter addressed to the leadership of both the U.S. Senate and the House of Representatives, top Obama economic aide Lawrence H. “Larry” Summers highlighted five key reasons the incoming president is seeking use of what remains of the U.S. Treasury Department’s $700 billion TARP.
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Summers, the director-designate of the National Economic Council,…
13Jan2009 | Money Morning | 0 comments | Continued
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