Economy | Despite Harry Reid's assurances that Congress will release $350 billion in bailout funds by week's end, Republicans and Democrats in Congress aren't biting
by Emily Belz
Posted 1/14/09, 12:00 am
How to convince a majority of 534 lawmakers to release $350 billion for financial bailouts when the last $350 billion has yet to reach taxpayers in the form of credit where they need it? Senate Majority leader Harry Reid says he has the votes to get the cash on its way to the Treasury Department, while Speaker Nancy Pelosi tries to rally support in the House by arguing that President-elect Obama will oversee the billions of spending better than President Bush has. Votes on the legislation could happen as early as Thursday.