Tug-of-War Over How to Spend TARP Funds

There is a growing disagreement over how and whether to use the remaining $350 billion in the Congressional bailout bill. Some economists fear the disputes could delay or disrupt action on the increasingly urgent economic meltdown. "We may get some elements of gridlock until Jan. 20," said Martin Baily, former chairman of President Bill Clinton's Council of Economic Advisers, referring to the day President-elect Obama takes office. With the financial markets already rattled, "This doesn't...Full Story
Commenting on this article is closed.