Larry Summers, President Obama's chief economic advisers, told George Stephanopoulos on ABC this morning that at least $50 billion in the Treasury's revamped bailout package will go towards cushioning the deteriorating housing market. Tim Geithner, the Treasury Secretary, was supposed to make a speech on his bailout plan Monday, but that has been postponed until Tuesday.
Read more Politico here. Watch Summers on ABC below.
Start your workday the right way with the news that matters most. Learn more