• Most Popular
  • Most Shared

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


More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

» More Top News
Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008. REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

Global Markets
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary