Oversight panel demands better answers from Treasury on use of bailout money
Less than a month after its first report, a congressional panel overseeing the Treasury Department's $700 billion financial bailout is demanding more answers. The panel's first report, released Dec. 10, included questions about how banks are spending taxpayer money, how the money will combat the rising tide of home foreclosures and Treasury's overall strategy for the rescue. But Treasury's Dec. 30 response "did not provide complete answers to several of the questions and failed to... Full Story
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