Senate Votes Down TARP Disapproval Resolution
In a solid win for the Obama administration before it even takes office, the Senate voted down a measure that would have withheld the remaining half of the $700 billion bailout fund. Lawmakers in the chamber rejected the resolution of disapproval by a vote of 42-52 after a week of intense lobbying by the President-elect’s team.
In a solid win for the Obama administration before it even takes office, the Senate voted down a measure that would have withheld the remaining half of the $700 billion bailout fund. Lawmakers in the chamber rejected the resolution of disapproval by a vote of 42-52 after a week of intense lobbying by the President-elect’s team.