Paulson Debating Whether To Ask For Second Installment Of Bailout

Paulson Debating Whether To Ask For Second Installment Of Bailout

U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned about competing demands for the funds and a potentially hostile reaction from lawmakers.

Mr. Paulson's dilemma was thrown into relief Tuesday by a report from the Government Accountability Office, the investigative arm of Congress, which criticized the Treasury Department's handling of the Troubled Asset Relief Program, or TARP.

Popular in the Community

Close

What's Hot