by Anna S. Mills

At the request of President-Elect Obama, President Bush has initiated the process to release the second $350 billion from the Troubled Asset Relief Program (TARP). Bush’s request triggers a 15-day period in which Congress can vote to deny the release of these funds. If the funds are released, President Bush has indicated that he will defer the allocation of these funds to President Elect Obama after he is sworn into office on January 20th.
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