View Full Version : Hill sources: Treasury won't use full bailout

11-17-2008, 06:30 PM
The Bush administration has told top lawmakers it does not plan to use at least half of the $700 billion bailout fund that Congress approved this fall to aid the financial industry, congressional officials said Monday.

These officials said Treasury Secretary Henry Paulson passed the word over the weekend that he intends to leave $350 billion untouched when the administration leaves office on Jan. 20. That would mean the incoming Obama administration would decide whether and how the funds should be spent.http://finance.yahoo.com/news/Hill-sources-Treasury-wont-apf-13597031.html

11-18-2008, 01:30 AM
Guess he's too busy passing last second executive orders.