Obama Administration Extending TARP Until 2010

As ABC News first reported Tuesday evening, the Obama administration today announced it is extending the controversial Troubled Asset Relief Program, or TARP, until October 2010, to free up credit for small businesses to expand and for homeowners to secure their mortgages through the Obama administration housing program. TARP became law in October 2008 and was set to expire Dec. 31, 2009. The secretary of the Treasury has the power to extend the program if he sees fit, though he has to notify...Full Story