01/17/2009 05:12 am ET | Updated May 25, 2011

Defeated GOP Senator To Oversee Bailout Money

Sen. John Sununu (R-N.H.) lost his election but has already lined up a post-Senate gig: Mitch McConnell's appointee to the TARP oversight board.

Two congressional sources - one from the Senate and one from the House - tell Politico that McConnell will make the Sununu announcement this afternoon. Each congressional leader gets to pick appointees to the Troubled Assets Relief Program oversight board, and McConnell has added a strident fiscal conservative to help oversee the $700 billion Wall Street bailout.

The Crypt will update when McConnell makes it official.

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