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More Bailout Funds

Both Democratic and Republican Senate leaders have indicated that they will approve the release of the remaining $350 million of the Treasury’s bailout fund. As there are concerns that banks were hoarding the aid money instead of giving it to consumers and businesses, regulators have requested that banks give information on the amount that has been loaned earlier. Yesterday, President Bush asked Congress to release the remaining money as Obama has been pushing for it. On Thursday, the Senate will vote on it. More details about this matter are available in the New York Times article.