POLITICS
02/11/2009 05:12 am ET Updated May 25, 2011

Kerry: Obama Within Hours Of Decision On Bailout Funds

President-elect Barack Obama vowed to restructure a financial rescue plan to save more U.S. families from home foreclosures, as he considered on Sunday whether to seek additional funds from a $700 billion bailout program.

Obama's aides have been in discussions with the White House over whether President George W. Bush should ask Congress for permission to use the remaining $350 billion of the funds, which are aimed at stabilizing the financial system.

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