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

Thursday, November 19, 2009

Obama administration poised to extend TARP, sources say

Government sources said the Obama administration is interested in extending the $700 billion Troubled Asset Relief Program, but it is struggling with how to announce such an initiative. The plan is to use about $200 billion in leftover funds to pay down the national debt, the sources said. Officials are concerned that lawmakers will try to use that money to fund their projects.

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