• Most Popular
  • Most Shared

Senate to vote as early as Thursday on TARP

WASHINGTON
Mon Jan 12, 2009 5:33pm EST

WASHINGTON (Reuters) - The U.S. Senate is expected to vote as early as Thursday on a resolution of disapproval on the final $350 billion tranche of the financial industry bailout, a spokesman for Senate Majority Leader Harry Reid said on Monday.

President George W. Bush agreed to make the request for the money on behalf of President-elect Barack Obama and Congress has 15 days to consider the resolution under the original $700 billion rescue plan adopted last year.

(Reporting by Jeremy Pelofsky)


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    Federal Reserve Chairman Ben Bernanke is pictured at his Senate Banking, Housing and Urban Affairs Committee hearing on his nomination to continue as Chairman of the Board of Governors, on Capitol Hill in Washington, December 3, 2009. REUTERS/Jason Reed

    No great expectations

    Investors are getting antsy about when the Fed will tighten its purse strings, now that the economy appears to be coming back to life.   Full Article 

    ECONOMY
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures