Obama Warns Democrats of Veto Over Bailout Funds

Rep. Spencer Bachus of Alabama, the committee's ranking Republican, questioned whether the money was necessary. The fund is becoming "a grab-bag where people can just reach in and get taxpayer money," he said.

President-elect Barack Obama makes remarks on the nations economy, Thursday, Jan. 8, 2009, at George Mason University in Fairfax, Va. (AP Photo/Lawrence Jackson)

(AP)

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Associated Press writers Andrew Taylor and Liz Sidoti contributed to this story.

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