(December 1, 2008)--Treasury Secretary Henry Paulson said Monday the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration about options.
Paulson said the program has distributed $150 billion out of the $250 billion earmarked to buy stock in banks as a way to boost their resources so they can lend more.
He said the administration is looking at other ways to utilize the rescue package, including alternatives for providing capital to financial institutions.
Save
Email
Print
Terms of Use -
Privacy Policy -
EEO Statement
-
FCC Form 388