Bush Agrees to Obama Call for Bailout Funds but Congress Could Block Path to Remaining $350 Billion

Summary


WASHINGTON - Acting at Barack Obama's behest, President George W. Bush on Monday asked Congress for the final $350 billion in the financial bailout fund, effectively ceding economic reins to the president-elect in an extraordinary display of transition teamwork.

Obama also sharply criticized Bush's handling of the money and promised radical changes.

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Bush Agrees to Obama Call for Bailout Funds but Congress Could Block Path to Remaining $350 Billion

Bush's move sets the stage for Obama to get swift access to the $350 billion and the opportunity...

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