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synopped by: goducks (reach: 10)     category: Politics

Senate Releases $350 Billion In Bailout Funds To Obama

  • Takeaway #1

    Thursday Jan 15th the senate approved Obama's request for $350 billion. Obama committed to using $100 billion of the TARP for homeowners facing foreclosure.
  • Takeaway #2

    The senate's vote results were 52-42.
  • Takeaway #3

    Obama promised to veto the denial of the second half of the $700 billion from the TARP fund.
  • Takeaway #4

    There was also a $825 billion economic recovery bill brought forth by the House democrats thursday. With the revisions the Senate would make, the total would likely get to $900 billion.
  • Takeaway #5

    The proposed stimulus measure had several components from free broadband for research, to paying for labor for cemeteries and monuments of american heros.

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