News, analysis and personal reflections on the markets & the financial sector

Wednesday, December 3, 2008

Paulson weighs whether to ask for second installment

Treasury Secretary Henry Paulson is considering whether to go to Congress for the remaining $350 billion from the Troubled Asset Relief Program. His pending decision comes as the transition to the Obama administration is under way, competing demands are being made on the funds and a report from the Government Accountability Office criticizes the handling of TARP. Meanwhile, there is the very real possibility that lawmakers may reject such a request from Paulson. 


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