Bush Team Reportedly Won’t Request More Bailout Cash

The development puts the issue in Barack Obama’s hands

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Looks like the Bush administration is going to punt this issue to Barack Obama:

From Bloomberg:

The Bush administration told congressional aides it won't ask lawmakers to release $350 billion remaining as part of the $700 billion U.S. financial- rescue package, people familiar with the matter said.

The administration of President George W. Bush ends in less than 10 weeks, and a delay in requesting the cash would leave it to President-elect Barack Obama to tap remaining cash in the bailout money.

Wall Street

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