• Font Size    
E-mail

Close Window E-mail This Page

Just $15B Left In First $350B Of Gov't Bailout

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +    Comments
Dec 8, 2008 12:40 pm US/Eastern

Just $15B Left In First $350B Of Gov't Bailout

 Timeline: U.S. Credit Crunch & Financial Failures

WASHINGTON (AP) ― The government says it has just $15 billion left to spend from the first $350 billion pot of financial bailout money.

The Treasury Department says $335 billion has been allocated from the first half of the $700 billion program, which was enacted on Oct. 3.

Treasury Secretary Henry Paulson, who is overseeing the program, is weighing tapping the second $350 billion. The main goal of the program is aimed at getting financial institutions to lend money more freely again, which would help revive the economy.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Add Comment

here. here. Need a log in? Register here
  •  * Will not be displayed with comment
  •  * e.g. (http://www.mywebsite.com)
  •  
  • Click here to refresh with new letters

Show Comments (0)

Close Window Login


Close Window Flag Comment


loading...

© MMIX, CBS Broadcasting Inc. All Rights Reserved.