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Paulson debates next $350 billion in bailout: report

NEW YORK
Wed Dec 3, 2008 2:31pm EST
Treasury Secretary Henry Paulson speaks at the World Affairs Council of Washington meeting about ''The U.S.-China Strategic Economic Dialogue'' in Washington, December 2, 2008. REUTERS/Larry Downing

NEW YORK (Reuters) - Treasury secretary Henry Paulson is debating whether to ask Congress for the next $350 billion in the $700 billion U.S. bailout, the Wall Street Journal reported on its website on Tuesday.

Crisis in Credit  |  Economy

If he requests the funds he is expected to request them next week, the Journal reported. The newspaper said Paulson is concerned about a potentially hostile reaction from lawmakers and competing demands for funds.

(Reporting by Emily Chasan; Editing by Kazunori Takada)
Crisis in Credit
Economy


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